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Judge Rakoff Approves The JP Morgan Settlement With The Epstein Survivors
Published 4 weeks, 1 day ago
Description
In November 2023, U.S. District Judge Jed S. Rakoff granted final approval to a $290 million settlement in Jane Doe 1 et al. v. JPMorgan Chase & Co., resolving claims that the bank had maintained a relationship with Jeffrey Epstein despite awareness of his sex‑trafficking activities. Describing the deal as “a really excellent settlement” in a case of such complexity, Judge Rakoff emphasized its broader significance—sending a clear signal to financial institutions about their duty to avoid facilitating illegal conduct
Rakoff also rejected a late objection filed by attorneys general from multiple states, who argued that certain settlement terms might impair governments from bringing future claims. He determined the language was not overly restrictive and did not block legitimate enforcement actions. Alongside settlement approval, he authorized attorney fees at 30% of the recovery, recognizing the scale of work required to secure the agreement. Survivors’ counsel characterized the outcome as a landmark result, while Rakoff emphasized the broader accountability message to Wall Street.
to contact me:
bobbycapucci@protonmail.com
source:
JPMorgan's $290 million settlement with Epstein accusers approved by US judge | Reuters
Sen. Blackburn Requests Subpoena Of Jeffrey Epstein’s Estate, Demanding Infamous Flight Logs | The Daily Wire
Rakoff also rejected a late objection filed by attorneys general from multiple states, who argued that certain settlement terms might impair governments from bringing future claims. He determined the language was not overly restrictive and did not block legitimate enforcement actions. Alongside settlement approval, he authorized attorney fees at 30% of the recovery, recognizing the scale of work required to secure the agreement. Survivors’ counsel characterized the outcome as a landmark result, while Rakoff emphasized the broader accountability message to Wall Street.
to contact me:
bobbycapucci@protonmail.com
source:
JPMorgan's $290 million settlement with Epstein accusers approved by US judge | Reuters
Sen. Blackburn Requests Subpoena Of Jeffrey Epstein’s Estate, Demanding Infamous Flight Logs | The Daily Wire