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Bank of America agrees to pay $72.5M to settle Epstein accusers’ lawsuit - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Bank of America agrees to pay $72.5M to settle Epstein accusers’ lawsuit D&O Mar 30, 2026 (Reuters) – Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday. Lawyers for the bank and the women had told Manhattan-based U.S. District Judge Jed Rakoff this month that they had reached a “settlement in principle,” but terms of the deal were not disclosed at the time. The settlement requires Judge Rakoff’s approval. The judge scheduled a court hearing for Thursday to consider approving the deal. The proposed class action, filed in October by a woman using the pseudonym Jane Doe, accused the second-largest U.S. bank of ignoring suspicious financial transactions related to Mr. Epstein despite a “plethora” of information about his crimes because it valued profit over protecting victims. Bank of America has said Doe alleged merely that it provided routine services to people who at the time had no known links to Mr. Epstein, and that any suggestion that it was more deeply involved was “threadbare and meritless.” Judge Rakoff ruled in January that Bank of America must face Doe’s claims that it knowingly benefited from Mr. Epstein’s sex trafficking and obstructed enforcement of the federal Trafficking Victims Protection Act. Among the transactions Doe flagged were payments to Mr. Epstein by Apollo Global Management’s billionaire co-founder, Leon Black. Mr. Black stepped down as Apollo’s chief executive in 2021 after a review by an outside law firm found he had paid Mr. Epstein $158 million for tax and estate planning. Mr. Black has denied wrongdoing and said he was unaware of Mr. Epstein’s criminal conduct. Doe’s lawyers have also sued other alleged enablers of Mr. Epstein’s sex trafficking, and in 2023 reached settlements of $290 million with JPMorgan Chase and $75 million with Deutsche Bank on behalf of his accusers. The lawyers are also appealing Judge Rakoff’s dismissal in January of a similar lawsuit they brought against Bank of New York Mellon. Mr. Epstein died in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. His death was ruled a suicide by New York City’s medical examiner. 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