"The women entrapped and abused by Jeffrey Epstein and Ghislaine Maxwell started a monumental reckoning with their brave voices and fearlessness. The road to justice for these women has been long and trying. Today's resolution of the case against Bank of America is one more step on the road to much deserved justice."
"Lawyers for the bank and a group of Epstein accusers told the judge overseeing the case during a pretrial conference last week that they 'reached a settlement in principle,' according to a Monday update to the case's docket. The terms of the settlement were not made public."
Bank of America reached a settlement in principle with a group of Jeffrey Epstein accusers in a class-action lawsuit alleging the bank facilitated Epstein's sex-trafficking operation. The settlement terms remain undisclosed, with a March 27 deadline for filing public documents and an April 2 hearing for judicial approval. The lawsuit claimed Bank of America failed to adequately monitor accounts and transactions, particularly those of billionaire Leon Black, whose $150 million in transfers to Epstein allegedly supported the trafficking operation. Black denied wrongdoing in previous statements. This settlement follows similar payouts by JPMorgan Chase ($290 million) and Deutsche Bank ($75 million) in related lawsuits.
#jeffrey-epstein-settlement #bank-of-america-lawsuit #sex-trafficking-victims #financial-institution-accountability #class-action-litigation
Read at Business Insider
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