The firm reached an agreement in principle to settle the proposed class action filed by an unnamed Epstein victim late last year, JPMorgan said in a statement Monday.
The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epsteins terrible abuse, JPMorgan said in the statement.
The deal with the victim identified only as Jane Doe doesnt completely end JPMorgans legal headache over its ties to Epstein. The bank is still facing a similar lawsuit by the US Virgin Islands, where the financier had a private retreat where he brought several of his victims.
The New York-based firm is also still litigating its own case against former private-banking head Jes Staley, who JPMorgan says should be held responsible for any damages it incurs over its Epstein ties.
