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WilmerHale’s Plan to Buy Blanket Immunity for JPMorgan for Banking Jeffrey Epstein’s Sex Trafficking Ring Has Backfired Badly
by Pam Martens and Russ Martens Wall Street on Parade
On October 20 we reported that JPMorgan Chase, a serial recidivist when it comes to crime, had paid $1.085 billion in legal expenses in just the last six months. A nice chunk of that money went to the Big Law firm, WilmerHale, which has been representing JPMorgan Chase this year in multiple lawsuits involving the bank’s dark history of financial dealings with child sex trafficker Jeffrey Epstein. (See Related Articles at the bottom of this article.)
When the largest bank in the United States pays big bucks to a law firm with a roster of 1,000 attorneys, it doesn’t expect its $290 million class action settlement with Jeffrey Epstein’s victims to blow up in its face just days before the final Fairness Hearing – a legally required court event to determine if the terms of the agreement are “fair, adequate and reasonable.”
That Fairness Hearing will be conducted today in Judge Jed Rakoff’s courtroom in the U.S. District Court for the Southern District of New York in lower Manhattan at 4 p.m.