NY judge approves $72.5M settlement between Epstein victims, Bank of America
A Manhattan federal judge approved a $72.5 million settlement between victims of Jeffrey Epstein and Bank of America.Summary
A federal judge in Manhattan on Thursday approved a $72.5 million class-action settlement reached between victims of Jeffrey Epstein and Bank of America. Judge Jed Rakoff greenlit the agreement at an hour-long conference, stating that while no amount of money can fully compensate the victims, the settlement is a significant step toward accountability. Bank of America admitted no wrongdoing in the settlement, reiterating that the bank did not facilitate sex trafficking crimes. The settlement covers women abused or trafficked by Epstein or anyone associated with his sex trafficking ring between June 2008 and July 2019, with about 60 women slated to receive payouts. The lawsuit alleged that Bank of America ignored evidence of Epstein's abuse and waited too long to alert law enforcement. Similar settlements were reached against JPMorgan Chase and Deutsche Bank in previous years.
(Source：New York Daily News)