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Judge Rakoff Approves The JP Morgan Settlement With The Epstein Survivors
In November 2023, U.S. District Judge Jed S. Rakoff granted final approval to a $290 million settlement in Jane Doe 1 et al. v. JPMorgan Chase & Co., resolving claims that the bank had maintained a relationship with Jeffrey Epstein despite awareness of his sex‑trafficking activities. Describing the deal as “a really excellent settlement” in a case of such complexity, Judge Rakoff emphasized its broader significance—sending a clear signal to financial institutions about their duty to avoid facilitating illegal conduct
Rakoff also rejected a late objection filed by attorneys general from…
The skinny
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