Overview
- Bank of America agreed to pay $72.5 million to people who say Jeffrey Epstein abused them, according to court filings.
- The bank said it did not enable sex trafficking and described the deal as a way to move on that helps the women seek closure.
- The class-action suit claimed the bank ignored warning signs and allowed transactions linked to Epstein’s crimes.
- A judge in New York must approve the proposed settlement before any money is paid.
- The pact follows earlier deals with victims by JPMorgan Chase for about $290 million and Deutsche Bank for about $75 million.