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31-03-2026
MANHATTAN, NEW YORK: The Bank of America has agreed to pay $US72.5 million ($105.3 million) to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records show.
Lawyers for the bank and the women had told Manhattan-based US District Judge Jed Rakoff this month they had reached a “settlement in principle,” but the terms of the deal were not disclosed at the time.
“While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs,” a spokesperson for Bank of America said in a statement.
In a joint court filing, David Boies and Bradley Edwards, attorneys for the plaintiffs, said the settlement represented the best option for their clients “given that many Class Members suffered harm many years ago and are in need of financial relief now.”
The plaintiffs’ lawyers may seek up to 30 percent of the settlement or about $US21.8 million, for legal fees, according to court records.
The settlement requires 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 US bank of ignoring suspicious financial transactions related to Epstein despite a “plethora” of information about his crimes because it valued profit over protecting victims.
Bank of America has said Ms Doe alleged merely that it provided routine services to people who at the time had no known links to Epstein and that any suggestion that it was more deeply involved was “threadbare and meritless”.
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.
In September, 2025, the Trump administration has renewed interest in the case of sex offender Jeffrey Epstein more than 20 years after it began.
Conspiracy theories around the disgraced financier, who networked with celebrities and politicians alike, first began as early as 2005 but interest has exploded in recent months even as US President Donald Trump has urged the public to move on from what he deems a “pretty boring” saga.
To quickly navigate to a specific event, use the links below;
FBI begins its investigation
Epstein enters a secret plea deal
Epstein arrested on sex trafficking charges
Epstein found dead
Ghislaine Maxwell convicted
Settlement in case linking Epstein to Prince Andrew
Judge unseals Epstein documents
Trump suggests declassifying Epstein files
Attorney-general says “client list” is on her desk
Trump administration pushes to unseal grand jury transcripts
Trump says Epstein “stole” girls from Mar-a-Lago
Justice Department agrees to give files to Congress
Justice officials release Maxwell interviews
US House Committee releases 33,000 pages on Epstein
Epstein Transparency Act passes
Final tranche of Epstein documents released. (Int’l Monitoring Desk)
