JPMorgan and Deutsche Bank opposed Jeffrey Epstein lawsuits
2023.01.01 05:18
JPMorgan and Deutsche Bank opposed Jeffrey Epstein lawsuits
Budrigannews.com – Deutsche Bank AG and JPMorgan Chase & Co. (NYSE:) asked a U.S. judge to dismiss lawsuits brought by women who said the late financier Jeffrey Epstein had abused them sexually and said the banks helped and ignored warning signs about the sex trafficking.
In papers filed on Friday night in Manhattan federal court, the banks claimed that their former client did not engage in or benefit from sex trafficking and that the unidentified women did not allege violations of a federal anti-trafficking law.
According to a new New York law that allows abuse victims to sue even if the statute of limitations has expired, the banks also claimed that they had no duty to protect the women from Epstein and that they did not cause his abuses. As a result, the claims were dismissed.
JPMorgan stated in its filing that “Jane Doe 1 is a survivor of Epstein’s sexual abuse, and she is entitled to justice,” but that it had filed unfounded claims against the “wrong party.”
The women’s lawyer says that the facts in their complaints speak for themselves.
In a statement provided to Reuters, the attorney, David Boies, stated, “We are disappointed in the banks’ continuing effort to avoid taking responsibility for their role in the expansion and perpetuation of Jeffrey Epstein’s sex trafficking ring.”
Unspecified damages and class-action status are sought in both lawsuits. On November 24, they were filed by attorneys who have represented numerous Epstein accusers.
In August 2019, Epstein committed suicide in a Manhattan jail cell while awaiting a sex trafficking trial.
Epstein was a Deutsche Bank (ETR:) client of JPMorgan from about 2000 to 2013. client from 2013 to 2018, according to court records.
The plaintiff for JPMorgan is a former ballet dancer who claims that Epstein abused and trafficked her from 2006 to 2013. On the other hand, the plaintiff for Deutsche Bank claims that she was subjected to similar misconduct from 2003 to 2018.
Both claimed that numerous bank deposits were used to compensate Epstein’s victims.
In July 2020, Deutsche Bank was penalized $150 million by the financial regulator for its relationship with Epstein.
The U.S. Virgin Islands, where Epstein lived, filed a lawsuit against JPMorgan on Tuesday, claiming that the financial institution “blind eyed” his trafficking while providing banking services.
Jane Doe 1 v. Deutsche Bank AG and Others, U.S. District Court, Southern District of New York, No. 22-10018, in addition to Jane Doe 1 v. JPMorgan Chase & Co. in the identical court, No. 22-10019.
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