Settlement reached between Bank of America and Epstein survivors
Newsy
Bank of America has reached a settlement in principle in a lawsuit accusing the bank of enabling the financial activities of disgraced financier Jeffrey Epstein, according to a court filing.
Bank of America has reached a settlement in principle in a lawsuit accusing the bank of enabling the financial activities of disgraced financier Jeffrey Epstein, according to a court filing.
A docket entry posted in federal court shows attorneys for both sides informed the court that they had reached an agreement to resolve the case.
The court approved the parties’ joint request to pause all pending deadlines while the settlement moves through the approval process.
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The lawsuit alleged Bank of America "knowingly provided the financial support and the veneer of institutional legitimacy" that allowed Epstein to operate under the "guise" of legitimate business activity.
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