A federal judge has granted JPMorgan Chase’s settlement of a class action lawsuit. The largest bank in the country will pay $290 million to the victims of Jeffrey Epstein, a disgraced financier who was found guilty of sexual abuse.
Court documents indicate that JPMorgan will pay nearly 200 of Epstein’s victims, because the bank was sued for ignoring warning signs about his sex-trafficking business while Epstein was a client.
A preliminary settlement was reached in June. On Thursday, Judge Jed Rakoff gave the settlement his final approval after a hearing in the afternoon to make sure it was fair to Epstein’s victims.
Concerns were raised by the attorneys general of 16 states and Washington D.C., about some of the language in the settlement because a broad release given to JPMorgan could stop other states from bringing their own sex-trafficking claims under a federal law that lets state governments file civil lawsuits on behalf of sexual abuse victims.
[So weird how there’s all this money and all these victims and not one abuser CHARGED, less mind in jail besides Maxwell. ~ Beege]
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