Overview
- Court filings, disclosed Friday, set the payout at $72.5 million and move the case to an April 2 approval hearing before U.S. District Judge Jed Rakoff.
- The agreement would compensate women abused or trafficked between June 30, 2008 and July 6, 2019, with plaintiffs’ counsel saying at least 60 survivors may qualify and indicating they may seek up to 30% in legal fees subject to court approval.
- Bank of America denies wrongdoing and says the resolution makes no admission that it facilitated Epstein’s sex‑trafficking operation.
- Plaintiffs say the bank ignored clear red flags and delayed filing suspicious activity reports that banks must submit to alert authorities, pointing to large transfers tied to Apollo co‑founder Leon Black whose planned deposition was postponed after settlement talks advanced.
- The deal follows earlier bank settlements with Epstein victims, including $290 million from JPMorgan and $75 million from Deutsche Bank, underscoring a pattern of civil payouts that resolve claims without a public trial.