Bank of America $72 million settlement with Epstein accusers faces judge approval

Bank of America Jeffrey Epstein settlement Jane Doe lawsuit Leon Black financial liability

A federal judge in New York is scheduled to consider the final approval of a $72 million settlement between Bank of America and a group of women, suing collectively as Jane Doe. The plaintiffs allege that the bank ignored suspicious transactions related to Jeffrey Epstein, who died by suicide in 2019 while awaiting trial.

Bank of America agreed to the settlement in March but maintains that it did not facilitate Epstein’s sex trafficking crimes. The bank has denied all claims, arguing that the lawsuit sought to unfairly expand bank liability for providing routine services to customers.

The lawsuit highlighted transactions involving Leon Black, the former CEO of Apollo Global Management, who reportedly paid Epstein $158 million for estate planning and other professional services. Black has denied any knowledge of Epstein’s crimes, calling his association with him ‘a horrible mistake.’

While the Jane Doe plaintiffs reached similar settlements with JPMorgan Chase and Deutsche Bank, their legal action against Bank of New York Mellon was dismissed. The court ruled that the plaintiffs failed to sufficiently allege that BNY Mellon had civil liability or obstructed investigations.

Entities

Apollo Global Management · Bank of America · JPMorgan Chase · Jeffrey Epstein · Leon Black

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Leon Black paid Jeffrey Epstein $158 million for estate planning, tax, and philanthropic advice. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] A claim against Bank of New York Mellon was dismissed because the complaint failed to adequately allege civil liability. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] Bank of America agreed to a $72 million settlement in March. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] Bank of America denies all claims and contentions regarding the lawsuit. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] Plaintiffs accused Bank of America of ignoring suspicious transactions by Jeffrey Epstein. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] Leon Black described his relationship with Epstein as ‘a horrible mistake’ and denied knowledge of Epstein’s crimes. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] The same plaintiffs reached similar settlements with JPMorgan Chase and Deutsche Bank. seacoastoldies.com · thepulseofnh.com
[● 3 SOURCES] A federal judge in New York is set to consider final approval of the settlement. seacoastoldies.com · thepulseofnh.com