Bank of America settles Epstein accusers' lawsuit
Looks like some good news for the victims.....
NEW YORK, March 16 (Reuters) - Bank of America (BAC.N), has settled a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Monday. Lawyers for the bank and the women told Manhattan-based U.S. District Judge Jed Rakoff in a March 12 telephone call that they had reached a "settlement in principle," a court filing said.
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The proposed class action, filed in October by a woman using the pseudonym Jane Doe, accused the nation's second-largest bank of ignoring suspicious financial transactions related to Epstein despite a "plethora" of information about his crimes because it valued profit over protecting victims.
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Rakoff ruled in January that Bank of America must face Doe's claims that it knowingly benefited from Epstein's sex trafficking and obstructed enforcement of the federal Trafficking Victims Protection Act. Among the transactions Doe flagged were payments to Epstein by Apollo Global Management's (APO.N), opens new tab billionaire co-founder, Leon Black.
Black stepped down as Apollo's chief executive in 2021 after a review by an outside law firm found he had paid Epstein $158 million for tax and estate planning.
READ MORE: https://www.reuters.com/sustainability/boards-policy-regulation/bank-america-settles-epstein-accusers-lawsuit-2026-03-16/