Judge approves BofA’s $72.5 million deal with Epstein victims
A federal judge in New York approved
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At a hearing Thursday, US District Judge Jed Rakoff called the agreement “fair, reasonable and adequate,” clearing the way for lawyers to begin distributing money to about 90 women who were sexually abused or trafficked by Epstein and the people around him.
“While we stand by our prior statements made in the filings in this case, including that
It was the third major bank to settle with Epstein victims. In 2023, JPMorgan Chase & Co. and Deutsche Bank AG agreed to pay $290 million and $75 million, respectively. While the cases against those banks focused on their client relationship with Epstein, the one against
In addition to approving the settlement, Rakoff also signed off on a 30% fee request for the lawyers representing the women, led by David Boies and Bradley Edwards.
