Story perspectives

Bank of America Settles Epstein Victims' Lawsuit for Class-Action

3/17/2026

Summary

Story summary

Bank of America reached a class-action settlement with Jeffrey Epstein's victims, announced March 12, awaiting approval from U.S. District Judge Jed Rakoff.
The lawsuit filed by a Florida woman alleged the bank ignored suspicious transactions linked to Epstein.
This agreement follows settlements by JPMorgan Chase and Deutsche Bank, totaling $365 million.
The settlement allows billionaire Leon Black to avoid a deposition related to his ties to Epstein.

History

Historical Context

In 2008, Jeffrey Epstein received a controversial plea deal from U.S. Attorney Alexander Acosta, allowing him to serve just 13 months for soliciting a minor, despite evidence of extensive abuse. This leniency sparked public outrage and led to ongoing scrutiny of financial institutions like JPMorgan Chase and Deutsche Bank, which faced settlements totaling $365 million for allegedly facilitating Epstein's criminal activities.

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Story summary

Bank of America reached a class-action settlement with Jeffrey Epstein's victims, announced March 12, awaiting approval from U.S. District Judge Jed Rakoff.
The lawsuit filed by a Florida woman alleged the bank ignored suspicious transactions linked to Epstein.
This agreement follows settlements by JPMorgan Chase and Deutsche Bank, totaling $365 million.
The settlement allows billionaire Leon Black to avoid a deposition related to his ties to Epstein.

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