Settlement with Epstein accusers wins preliminary approval [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
U.S. District Judge Jed Rakoff in Manhattan scheduled an August 27 hearing to consider final approval. David Boies, a lawyer for the plaintiffs, said he expected between 60 and 75 victims to submit claims. The victims are mainly based in the United States or Eastern Europe, he said. The plaintiffs' lawyers may seek up to 30% of the settlement, or about $21.8 million, for legal fees. Rakoff said it was important for Epstein's victims to be compensated by anyone that unlawfully facilitated his sex trafficking, but that not everyone associated with him should be held liable. "It's not fair to penalize those persons or entities that were drawn into his wide orbit but had no role in assisting or benefiting from his egregious misconduct," Rakoff said, without referring to specific people or entities. "I do want to just keep everyone on notice that I continue to scrutinize this until the moment of final settlement," the judge said. Settlement agreed in March Epstein died in a M
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