Deutsche Bank To Pay $75 Million To Settle Lawsuit From Epstein Victims, Lawyers Say

Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier.

A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the businessman.

One of the law firms representing victims in the case, Edwards Pottinger, said it believed the sex-trafficking settlement is likely the largest with a bank in U.S. history.

“This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein’s financial banking partners responsible for the role it played in facilitating his trafficking organization,” it said in a joint statement with the Boies Schiller Flexner law firm.

Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier.

A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that the bank knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the businessman.

One of the law firms representing victims in the case, Edwards Pottinger, said it believed the sex-trafficking settlement is likely the largest with a bank in U.S. history.

“This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein’s financial banking partners responsible for the role it played in facilitating his trafficking organization,” it said in a joint statement with the Boies Schiller Flexner law firm.