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Bank of America Settles Epstein-Related Lawsuit for $170M

3/18/2026

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Summary

Story summary

Bank of America has reached a preliminary settlement in a class-action lawsuit alleging it facilitated Jeffrey Epstein's sex trafficking operations.
The lawsuit claimed the bank ignored suspicious transactions, including a $170 million payment from billionaire Leon Black to Epstein.
U.S. District Judge Jed Rakoff was informed of the settlement, which requires judicial approval.
A hearing to finalize the settlement is scheduled for April 2, 2026.
This makes Bank of America the third major bank to settle similar claims related to Epstein.

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Story summary

Bank of America has reached a preliminary settlement in a class-action lawsuit alleging it facilitated Jeffrey Epstein's sex trafficking operations.
The lawsuit claimed the bank ignored suspicious transactions, including a $170 million payment from billionaire Leon Black to Epstein.
U.S. District Judge Jed Rakoff was informed of the settlement, which requires judicial approval.
A hearing to finalize the settlement is scheduled for April 2, 2026.
This makes Bank of America the third major bank to settle similar claims related to Epstein.