New York CNN —Attorneys filed a preliminary plan to facilitate a $290 million settlement fund for JPMorgan Chase to compensate victims of Jeffrey Epstein.
“JPMC is entering into this Stipulation solely to eliminate the burden, expense, and uncertainty of further protracted litigation.
Attorneys for the parties have suggested Simone Lelchuk oversee the JPMC settlement process as she has already been appointed claims administrator for the Deutsche Bank settlement.
Claimants can see the award money from both bank settlements, though the JPMorgan settlement language notes that any award amount received through the Deutsche Bank settlement will be considered when processing their claim with JPMC.
JPMorgan Chase remains tied up in litigation over its longtime relationship with Epstein in a pending lawsuit brought by the government of the US Virgin Islands.
Persons:
Jeffrey Epstein, Epstein, “, ”, JPMC, “ JPMC, Simone Lelchuk, Lelchuk, Harvey Weinstein, JPMorgan Chase, Jes Staley, trafficker’s
Organizations:
New, New York CNN, JPMorgan Chase, Deutsche Bank, JPMorgan, Virgin Islands
Locations:
New York, “, Virgin, JPMC