Overview

• JPMorgan Chase has reached a tentative $290 million settlement with victims of Jeffrey Epstein who accused the bank of enabling his sex trafficking crimes.
• Multiple news reports indicate JPMorgan is settling a lawsuit filed by an unnamed Epstein victim on behalf of other victims who say they were abused by Epstein between 1998 and 2013 when he was a client of the bank.
• The settlement comes after JPMorgan CEO Jamie Dimon gave a deposition in the case, claiming he had little knowledge of Epstein's relationship with the bank.
• JPMorgan still faces related litigation from the U.S. Virgin Islands government and a lawsuit against former JPMorgan executive Jes Staley.
• The settlement adds to previous payouts by Deutsche Bank to Epstein victims and continues the legal fallout over Epstein's decades of abuse before his death in prison in 2019.