From ABC: A federal judge approved the $72.5 million settlement between Jeffrey Epstein’s victims and Bank of America, the third financial institution to publicly reach such a settlement.
“The settlement class has been properly served,” Judge Jed Rakoff decided Thursday.
The women, suing collectively under the pseudonym Jane Doe, accused Bank of America of ignoring suspicious transactions by Epstein, who died by suicide in 2019 while awaiting trial.
Bank America agreed to settle the lawsuit in March while still insisting it did not facilitate Epstein’s sex trafficking crimes.
The same Jane Doe plaintiffs reached similar settlements with JPMorgan Chase and Deutsche Bank, but their claim against Bank of New York Mellon was dismissed. The court in the BNY Mellon case concluded that the plaintiffs’ complaint had failed to adequately allege that the bank had civil liability under the Trafficking Victims’ Protection Act or that the bank had obstructed investigations of Epstein.
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