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JPMorgan Chase has reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein.

Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.

The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. A related lawsuit has been filed in the U.S. Virgin Islands.

Terms of the settlement were not disclosed.

RELATED: Jeffrey Epstein-related suit: Virgin Islands says it can’t find Google co-founder Larry Page

"The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse," the bank said in a statement on Monday.

Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as well as JPMorgan Chase’s claims against former executive, Jes Staley.

Jeffrey Epstein’s former home on the island of Little St. James in the U.S. Virgin Islands. (Emily Michot/Miami Herald/Tribune News Service via Getty Images)

According to the lawsuits, JPMorgan provided Epstein loans and regularly allowed him to withdraw large sums of cash from 1998 through August 2013 even though it knew about his sex trafficking practices.

Both lawsuits were filed after New York state in November enacted a temporary law letting adult victims of sexual abuse to sue others for the abuse they suffered, even if the abuse occurred long ago.

The bank has denied the allegations and sued Staley, saying he hid Epstein’s crimes to keep him as a client.

JPMorgan CEO Jamie Dimon has testified that he never heard of Epstein and his crimes until the financier was arrested in 2019, according to a transcript of the videotaped deposition released last month.

The settlement is subject to court approval.

Shares of JPMorgan rose slightly before the market open.

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Politics

Starmer ‘playing whack-a-mole’ to keep US on side – but will it be enough?

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Starmer 'playing whack-a-mole' to keep US on side - but will it be enough?

Keir Starmer flies out of South Africa this evening with two massive issues on his agenda – a potentially manifesto-busting budget and, as it stands, an unacceptable Ukrainian peace deal.

As he prepared to depart for London, the prime minister confirmed he was dispatching national security adviser Jonathan Powell to Geneva for talks with US officials, other European security advisers and Ukrainian representatives – as Europe and Ukraine scramble to reinsert themselves into a plan drawn up between Washington and Moscow.

The prime minister said on Saturday there was “more to do on the plan” in the coming days and the focus now was to try to make progress in Geneva.

Follow the latest: European leaders raise concerns over plan for Ukraine

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PM: ‘More to do’ on US Ukraine peace plan

After speaking on the phone to Donald Trump, Downing Street said the pair agreed their teams would work together on the US leader’s proposal in the Swiss city on Sunday.

Starmer also reiterated Britain’s “steadfast support for Ukraine” in a call with President Zelenskyy – as allies try to swing this deal more in Ukraine‘s favour, with the UK and other international leaders clear on their concerns to limit the size of the Ukrainian army and give up territory to Russia.

But in his remarks on camera, the prime minister was at pains to neither criticise the current deal nor President Trump.

One figure told me that the PM wants to act as a bridge between the Europeans and the US and has been playing a “game of whack-a-mole” over the past couple of days in an effort to keep others from publicly saying the deal is unacceptable for fear it would only serve to irritate President Trump and hurt Ukraine.

File pic: Reuters
Image:
File pic: Reuters

Earlier, the prime minister said he would talk to his US counterpart in the coming days.

“I’m absolutely clear in my mind that President Trump wants a just and lasting peace, not just from the actions he’s taken towards that end, but also from the private discussions that I’ve had with him,” Mr Starmer said.

“So I know what he’s trying to achieve. We all want to achieve that.”

But there will be a question about what the alternative options are if allies cannot improve this deal by President Trump’s Thursday deadline.

The frontline in eastern Ukraine
Image:
The frontline in eastern Ukraine

The first option is to try to improve it and also slow down the process and buy more time, but if that fails, are allies looking at scenarios where they try to shore up Ukraine’s war efforts without the US support?

The prime minister responded by talking about point five in the 28-point plan, in which Ukraine is offered security guarantees from the US.

Read more:
Trump’s 28-point Ukraine peace plan in full
Analysis: We could all pay if Europe doesn’t step up
Starmer addresses G20 summit – but Trump boycotts talks

“That fortifies in me the belief that what we’re all trying to achieve here is a just and lasting peace will only be just as lasting if there are security guarantees,” Mr Starmer said.

“And if we bear in mind that matters for Ukraine are always to be determined by Ukraine.”

The next 24 hours will be critical as the Europeans, Ukraine and other allies try to improve this deal.

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Sports

UAB: Player arrested after stabbing 2 teammates

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UAB: Player arrested after stabbing 2 teammates

A UAB football player stabbed two of his teammates Saturday morning at the football facility ahead of the Blazers’ home game against USF, a university spokesperson told ESPN.

The suspect has been arrested, and both injured players are in stable condition after being taken to UAB hospital. The school has not released the names of any of the players involved.

UAB’s game against USF began as scheduled at 3 p.m. ET.

A UAB official said an investigation is ongoing.

“UAB’s top priority remains the safety and well-being of all of our students,” the school said in a statement.

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Sports

Sources: ASU’s top WR Tyson expected back

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Sources: ASU's top WR Tyson expected back

Jordyn Tyson, Arizona State‘s leading receiver, is expected to return from a hamstring injury and play Saturday when the Sun Devils visit the Colorado Buffaloes, sources tell ESPN’s Pete Thamel.

Tyson is expected to participate in pregame warmups, and barring any setbacks, he’ll be cleared to play against his former team.

Tyson suffered the injury Oct. 18 in Arizona State’s upset win over then-undefeated Texas Tech. He finished that game with 10 catches for 105 yards and a touchdown but has not played since.

Despite missing the past three games, Tyson leads the Sun Devils in catches (57) and yards receiving (628), and he is the team leader with eight touchdowns.

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