JPMorgan Chase & Co. and the U.S. Virgin Islands on Tuesday announced that they have reached a $75 million settlement to resolve claims related to the late financier Jeffrey Epstein’s alleged sex-trafficking scheme, weeks before trial was set to begin in the Southern District of New York.

The settlement includes a $30 million payment by the bank to support USVI charities related to human trafficking and sex crimes, $25 million to support anti-trafficking efforts by law enforcement in the USVI and $20 million in attorney fees.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]