Epstein accuser Jane Doe 1 reaches a $290 million settlement with JPMorgan Chase over the bank’s alleged involvement in facilitating the abuse committed by Jeffrey Epstein.
The settlement: JPMorgan will pay $290 million as part of the settlement, pending court approval, on behalf of Jane Doe 1 and other victims.
* The settlement came after a federal judge granted class-action status to the lawsuit, with potentially over 100 plaintiffs involved.
* A hearing is slated for June 26.
Previous bank settlements: Deutsche Bank agreed to a $75 million settlement in a similar case last month, targeting banks that serviced Epstein’s financial dealings for years.
Ongoing cases: Two other high-profile Epstein-related cases remain unresolved, involving the U.S. Virgin Islands’ suit against JPMorgan Chase and the bank’s claims against former executive James Edward “Jes” Staley for covering up Epstein’s actions.
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