“Any association with him was a mistake and we regret it,” the bank continued. “We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man,” JPMorgan said in a statement. The bank’s complaint against Staley, which seeks to hold him liable for Doe’s case, is also still pending. Virgin Islands’ related lawsuit against the bank could continue.
In a statement on Monday, JPMorgan announced that the parties “have reached an agreement in principle to settle the putative class action lawsuit related to Jeffrey Epstein’s crimes, which is subject to court approval” and pointed out that the government of the U.S. “The settlements signal that financial institutions have an important role to play in spotting and shutting down sex trafficking.” “Money, which for far too long flowed with impunity between Jeffrey Epstein’s global sex trafficking enterprise and Wall Street’s leading banks, is decisively being used for good,” McCawley said in a statement.
Sigrid McCawley, another attorney for Jane Doe, called the settlements “both life-changing and historic for the survivors.”
