This form is a Settlement Agreement usable in cases where licensing, patents, or commercial trade secrets are a factor.
Virgin Islands Settlement Agreement
State:
Multi-State
Control #:
US-TS10045
Format:
Word;
PDF;
Rich Text
Instant download
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FAQ
JPMorgan Chase has reached a $75 million settlement with the U.S. Virgin Islands over a lawsuit accusing the nation's largest bank of facilitating Jeffrey Epstein's sex-trafficking enterprise for 15 years, ing to statements released by the bank and territory.
JPMorgan said its $75 million US settlement with the USVI includes $30 million to support charitable organizations, $25 million to strengthen law enforcement to combat human trafficking, and $20 million for attorney's fees. The bank did not admit liability in agreeing to settle.
NEW YORK (Reuters) - JPMorgan Chase & Co JPM.
JPMorgan Chase will pay $75 million in a settlement involving the late disgraced financier Jeffrey Epstein. Epstein was found dead in his cell at New York City's Metropolitan Correctional Center in 2019, where he was awaiting trial on sex trafficking charges.
JPMorgan Chase has reached a settlement with the US Virgin Islands over a lawsuit alleging the bank enabled Jeffrey Epstein's sex-trafficking crimes. The settlement includes ?significant commitments? by JPMorgan Chase to curtail human trafficking, and a $75 million payment to the US Virgin Islands.
The settlement comes as the case was set to go to trial in Manhattan federal court in October. JPMorgan Chase was Epstein's banker for 15 years, starting in 1998. The bank terminated him as a client in 2013. In June, JPMorgan Chase agreed to pay $290 million to settle a similar lawsuit filed by Epstein survivors.
NEW YORK (AP) ? JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein. JPMorgan said that $55 million of the settlement will go toward local charities and assistance for victims.
The bank said the majority of the settlement ? $55 million ? will go toward local charities and victim assistance; the rest goes to legal fees.
