Bank of America to pay $72.5M to settle Epstein-related lawsuit [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Dive Brief: Bank of America has agreed to pay $72.5 million to settle a lawsuit filed by an alleged victim of late financier and convicted sex offender Jeffrey Epstein, according to court documents filed Friday Attorneys for the Charlotte, North Carolina-based bank and Jane Doe reached a settlement in principle March 11, after engaging in mediation sessions with a former federal judge who also mediated the Jane Doe case against JPMorgan Chase U.S. District Court Judge Jed Rakoff is set to consider the settlement at a Thursday hearing. BofA did not admit any wrongdoing as part of the settlement. “While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs,” a bank spokesperson said in an email. Dive Insight: Doe's attorneys, David Boies of law firm Boies Schiller Flexner and Bradley Edwar
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JPM
Earnings
- 1/13/26 - Miss
JPM
Sec Filings
- 3/30/26 - Form 424B2
- 3/30/26 - Form 424B2
- 3/30/26 - Form 424B2
- JPM's page on the SEC website