"At a Monday hearing, US District Judge Jed Rakoff ordered lawyers to comply with quick-turnaround deadlines for the cases, which were filed against Bank of America and BNY. The two lawsuits, filed in October, alleged the banks ignored red flags related to Epstein's sex-trafficking operation. Rakoff set November deadlines for motions to dismiss the cases, with an oral argument for December 15. The judge ordered that all discovery, including depositions, must be completed by February 27."
"The lawsuit against Bank of America alleges that one of Epstein's employees instructed one of his victims to open an account with the bank in her own name, and then used it to pay her rent while Epstein sexually abused her over the course of several years. The account was also used for other purposes, which may have facilitated the sex-trafficking of other women, the lawsuit alleges."
""The claims in the lawsuit are meritless, and we will vigorously defend against it," a BNY spokesperson told Business Insider. A Bank of America spokesperson said the bank "will vigorously defend itself." Epstein killed himself in jail in 2019 while awaiting trial on sex-trafficking charges. Ghislaine Maxwell, his former partner, was convicted of trafficking girls to him for sex in 2021 and is serving a 20-year prison sentence."
Two lawsuits filed in October allege Bank of America and BNY ignored red flags tied to Jeffrey Epstein's sex-trafficking operation. US District Judge Jed Rakoff set expedited deadlines, requiring motions to dismiss by November, an oral argument on December 15, and completion of all discovery, including depositions, by February 27. If the cases proceed, trials could run back-to-back in May and June 2026. The Bank of America suit alleges an account was used to pay a victim's rent while she was abused, and the BNY suit alleges the bank processed $378 million in payments without flagging suspicious transactions.
Read at Business Insider
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