Jeffrey Epstein Survivors Ask Judge Rakoff To Release The JP Morgan Settlement Funds

The Epstein Chronicles

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12h ago 12:53

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Epstein survivors—led in the legal action by a figure known as Jane Doe 1—petitioned Judge Jed S. Rakoff to grant preliminary approval to a proposed $290 million settlement with JPMorgan Chase. They argued that the bank had turned a blind eye to Epstein’s sex-trafficking activities, even after his 2008 conviction as a registered sex offender, and continued to provide financial services that enabled his operations. The survivors and their counsel described the settlement as "fair, adequate, and reasonable,” given the risks and uncertainties inherent in prolonged litigation and JPMorgan’s continuing denial of direct liability
In the hearing, Judge Rakoff expressed that, while the settlement was substantial, it would not undo the survivors’ suffering. He sought clarification from the plaintiffs’ attorneys—particularly David Boies—on why there was no guaranteed minimum distribution per victim, as had been the case in parallel litigation against Deutsche Bank. Ultimately, he appointed settlement administrator Simone Lelchuk to review and allocate funds based on individual claims and oversee the disbursement process under his supervision
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source:
Epstein victims ask judge to approve $290 million settlement with JPMorgan (nbcnews.com)
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