Summary
Bank of America has agreed to settle a lawsuit related to accusations of facilitating Jeffrey Epstein's illegal activities. The lawsuit was brought on behalf of Epstein's victims, and the court must now approve the settlement terms. This is the third major bank settlement involving Epstein.
Key Facts
- Bank of America reached a settlement with victims of Jeffrey Epstein.
- The lawsuit accused the bank of helping Epstein with his illegal activities.
- Settlement terms have not been disclosed and need court approval.
- It follows similar settlements by JP Morgan Chase ($290 million) and Deutsche Bank ($75 million).
- The lawsuit was filed by a woman who claimed abuse by Epstein over several years.
- Allegations included the bank choosing profit over protecting victims.
- The lawsuit mentioned over $150 million paid to Epstein from Leon Black's account at Bank of America.
- Bank of America previously asked the court to dismiss the lawsuit.
