Overview
- U.S. District Judge Jed Rakoff ordered expedited schedules for the new cases against Bank of America and BNY, with motions to dismiss due in November and oral argument set for December 15.
- All discovery, including depositions, must be completed by February 27, with back-to-back trials slated for May and June 2026 if the cases proceed.
- The BNY complaint alleges the bank processed about $378 million in payments tied to victims without flagging them as suspicious.
- The Bank of America filing claims an Epstein employee had a victim open an account in her name that was used to pay her rent and may have facilitated trafficking.
- Both banks deny the allegations and vow to defend the cases, as plaintiffs’ lawyers Sigrid S. McCawley and Brad Edwards pursue discovery following earlier JPMorgan and Deutsche Bank settlements overseen by the same judge.