In Epstein Victims Case JPM Chase Supports Settlement Not Trial but USVI Raises Issues

Is this is a satisfactory ending? More here below the fold / paywall line

By Matthew Russell Lee, Patreon Maxwell book

SDNY COURTHOUSE, June 26 – J.P. Morgan Chase and Deutsche Bank were sued for their enabling of Jeffrey Epstein, in lawsuits filed on Thanksgiving 2022 in the U.S. District Court for the Southern District of New York, where Inner City Press found them in the docket.

  Late on May 17, 2023, plaintiffs' lawyer David Boies selectively announced a $75 million settlement with Deutsche Bank. Nothing was filed in the docket. But the pressure on JPM Chase, and its CEO Dimon, grew.

On June 12, 2023, again while nothing in the docket, JPMorgan Chase said it had reached a settlement in a class action lawsuit with victims of Jeffrey Epstein. "The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse, the bank said in a statement. Inner City Press asked, on June 12, will the USVI too fold their tent?

The answer seems to remain "No." On June 26, while JPM Chase told Judge Rakoff that the proposed settlement would not release claims of sovereigns, counsel for the USVI pointed to a provision of the proposed settlement.

  Judge Rakoff said it was a run-on sentence a la William Faulkner, but that the issue should be conferred about and addressed. Inner City Press live tweeted, thread here:

OK - now at Epstein victims' preliminary fairness hearing on settlement with JPM Chase. USVI is concerned it would release claims of sovereigns

Judge Rakoff: It seems this sentence was written by William Faulkner, it runs on. But this could be fixed.

JPM Chase: We do say, To the extent permitted by law... USVI: If we have a recovery, the class members couldn't collect. Judge: The settlements are large

 USVI: Not all of the 250 or 300 victims will file...

more below the fold / paywall line