JPMorgan’s $290 Million Epstein Victims Pact Wins Approval (2)

A $290 million settlement between JPMorgan Chase & Co. and victims of Jeffrey Epstein was approved by a federal judge, who rejected a last-minute challenge from a group of state attorneys general that could have delayed the payout to almost 200 victims.

US District Judge Jed Rakoff said the pact, which resolved claims that the bank ignored red flags to keep Epstein as a client, would send a signal to the financial industry and beyond.

“It should not be lost that this case sent a message, through this very substantial settlement, that banking institutions and others as such have a ...