Epstein estate reaches settlement of up to $35 million with survivors
Jeffrey Epstein's estate has agreed to a settlement of up to $35 million with survivors of his abuse, resolving a class-action lawsuit.Summary
The estate of Jeffrey Epstein has reached a settlement agreement, potentially worth up to $35 million, with survivors who filed a class-action lawsuit alleging that the estate’s co-executors, Darren Indyke and Richard Kahn, facilitated Epstein’s sex trafficking and abuse. While Indyke and Kahn denied the allegations and maintained they were not involved in the abuse, they agreed to the settlement to achieve finality for potential claims against the estate. The final settlement amount will depend on the number of eligible survivors who participate, potentially ranging from $25 million to $35 million.
This settlement follows the release of documents by the Justice Department related to Epstein’s crimes, which implicated numerous prominent individuals. Prior to this agreement, over $50 million had already been paid out to survivors through a compensation fund established in 2020, which was later paused due to limited funds.
Additionally, settlements have been reached with financial institutions linked to Epstein, including JP Morgan Chase ($290 million) and Deutsche Bank ($75 million). The co-executors have stressed that the settlement does not constitute an admission of wrongdoing.
(Source：ABC17News.com)