JPMorgan Chase (NYSE:JPM) said Monday it has reached a settlement with one of late sexual predator Jeffrey Epstein’s victims, who had been suing the bank in federal court.
The bank’s litigation with the U.S. Virgin Islands in the Epstein matter remains, however. Its claims against former executive Jes Staley, who was friends with Epstein, are also active, the bank said.
The government of the US Virgin Islands has sought legal depositions of the bank’s chief executive, Jamie Dimon, and a host of high-profile names from tech, hospitality and finance, including Elon Musk, Sergey Brin,
Thomas Pritzker and others, as part of an effort to gather more information about Epstein’s relationship with JP Morgan.
The victim and the Virgin Islands, where Epstein owned a private island, both claim JPMorgan continued working with Epstein after learning he had been a predator, and facilitated his sex trafficking crimes.
The announcement comes more than a week after JPMorgan CEO Jamie Dimon gave a deposition in the Epstein cases. On Friday, the Epstein victim, called Jane Doe 1 in documents, asked the court to reopen Dimon’s deposition.
JPMorgan has denied wrongdoing and says it regrets having had Epstein as a client.
JPM shares dipped 12 cents to begin Monday at $140.89.
