Deutsche Bank to Pay $75 Million to Settle Epstein Suit (1)

Deutsche Bank AG agreed to pay $75 million to settle a lawsuit in which victims of Jeffrey Epstein’s sexual abuse accused the bank of facilitating his sex-trafficking operation, according to attorneys for the plaintiffs.

Deutsche Bank agreed to settle after US District Judge Jed Rakoff ruled in March that the lawsuit filed by a victim identified only as Jane Doe may proceed against it, as well as a separate but nearly identical suit filed by another Jane Doe against JPMorgan Chase & Co.

“The settlement will allow dozens of survivors of Jeffrey Epstein to finally attempt to restore their ...