Overview
- Attorneys told U.S. District Judge Jed Rakoff they reached a settlement in principle, with terms not yet public and subject to judicial approval.
- The agreement is expected to cancel a March 26 deposition of Apollo co-founder Leon Black and would vacate a May 11 trial date if approved.
- Filed in October 2025 by a plaintiff known as Jane Doe, the suit alleged the bank ignored red flags and failed to report suspicious activity, including large payments from Black to Jeffrey Epstein.
- In January, Judge Rakoff allowed claims to proceed that Bank of America knowingly benefited from Epstein’s trafficking and obstructed enforcement of the Trafficking Victims Protection Act.
- Bank of America denies wrongdoing, and the case follows earlier settlements with Epstein victims by JPMorgan ($290 million) and Deutsche Bank ($75 million).