JPMorgan to pay $290m in Epstein-linked class-action lawsuit

JPMorgan Chase is set to pay a substantial sum to settle a class-action lawsuit involving a victim of Jeffrey Epstein, according to a joint statement from the bank and the woman’s legal representatives. The proposed settlement would see JPMorgan pay out US$290 million, resolving one claim against the bank in a class-action lawsuit filed by a woman who alleges Epstein abused her.

Epstein, a billionaire financier, was arrested in 2019 on federal charges of paying underage girls hundreds of dollars for massages, only to molest them at his homes in Florida and New York. He was found dead in jail on August 10 of the same year at the age of 66, with his death ruled as suicide by a medical examiner.

In a statement, JPMorgan said, “Any association with him [Epstein] was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our…