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- JPMorgan Chase Files a Notice of Appeal in Jeffrey Epstein Victim Case It “Settled” for $290 Million
JPMorgan Chase Files a Notice of Appeal in Jeffrey Epstein Victim Case It “Settled” for $290 Million
by Pam Martens and Russ Martens Wall Street on Parade
Unless you have been living off the grid for the past month, chances are you have seen a barrage of headlines blaring that the largest bank in the United States, JPMorgan Chase, agreed to settle a class action lawsuit for $290 million that was filed by sexual assault victims of Jeffrey Epstein, some when they were as young as 14 years old. The bank’s involvement stemmed from it providing the hard cash to Epstein from his accounts at the bank to pay off his victims and accomplices (in violation of money laundering rules) while he reciprocated by referring clients and profitable deals to the bank.
It now turns out that the case is not actually “settled.” JPMorgan Chase and its 1,000-attorney law firm that is representing it in the matter, WilmerHale, have quietly filed a petition to appeal the decision rendered by the District Court Judge, Jed Rakoff, to the Second Circuit Court of Appeals. The bank and its lawyers don’t like the fact that Judge Rakoff took the claims of the one plaintiff, Jane Doe 1, and certified them into a class action lawsuit on behalf of a large group of Epstein victims. The bank’s petition to appeal calls this decision by Judge Rakoff “rife with error.”