Trending Now - Bank of America Resolves Lawsuit Linked to Epstein Survivors
WHO:
Sigrid McCawley, attorney for the victims, stated, “Today’s resolution of the case against Bank of America is one more step on the road to much-deserved justice.”
U.S. District Judge Jed Rakoff
Bank of America
Jeffrey Epstein
Sigrid McCawley, attorney for the victims
U.S. District Judge Jed Rakoff
Leon Black, co-founder of Apollo Global Management
Jane Doe, pseudonym for a woman who filed the lawsuit
WHAT:
Lawyers for both Bank of America and the victims communicated on March 12, 2026, that they had reached a “settlement in principle.”
Legal papers regarding the settlement are scheduled to be submitted by March 27, 2026.
Bank of America reached a proposed, non-binding settlement in a lawsuit alleging it facilitated Epstein’s trafficking operation.
The proposed class-action complaint was filed in October 2025.
The lawsuit claimed Bank of America “knowingly provided the financial support and the veneer of institutional legitimacy” to Epstein.
The settlement terms are not disclosed and require approval from Judge Rakoff.
A court hearing to consider the settlement is scheduled for April 2, 2026.
Leon Black was scheduled for a deposition on March 26, 2026, which is likely canceled due to the settlement.
Black paid Epstein $158 million for tax and estate planning advice.
The lawsuit alleged that Bank of America failed to alert law enforcement about Epstein’s crimes.
WHERE:
Federal court in New York
Manhattan, New York
WHEN:
A court hearing to consider the settlement proposal is scheduled for April 2, 2026.
The trial was scheduled for May 11, 2026, but will not take place if the settlement is approved.
The proposed settlement was communicated on March 12, 2026.
The court hearing for the settlement is scheduled for April 2, 2026.
The trial was scheduled for May 11, 2026.
The lawsuit was filed in October 2025.
Epstein died in August 2019.
WHY:
The lawsuit accused Bank of America of valuing profit over protecting survivors, alleging it ignored suspicious financial transactions related to Epstein.
The lawsuit alleges that Bank of America prioritized profit over protecting survivors of Epstein’s trafficking.
The complaint claims that Bank of America ignored suspicious transactions related to Epstein.
HOW:
The proposed class action was filed by a woman using the pseudonym Jane Doe, who alleged that Bank of America provided routine services to individuals without known links to Epstein.
The lawsuit was filed as a class-action complaint.
Bank of America attempted to dismiss the case, arguing it provided routine services to customers with no known connection to Epstein.
(UPDATED March 17, 2026 07:23 UTC)
In a significant development, attorney Sigrid McCawley announced that a settlement in principle has been reached between the victims and Bank of America, marking a step toward justice in a case that accused the bank of prioritizing profit over the protection of survivors. Legal documents regarding this settlement are set to be submitted by March 27, and a court hearing to consider the proposal is scheduled for April 2, which could prevent the trial originally planned for May 11 from taking place. The lawsuit, initiated by a woman using the pseudonym Jane Doe, alleged that Bank of America ignored suspicious financial transactions related to Epstein while providing routine services to individuals without known connections to him.
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(UPDATED March 17, 2026 05:28 UTC)
Bank of America has reached a proposed, non-binding settlement in a class-action lawsuit alleging it facilitated Jeffrey Epstein's trafficking operation, with the terms yet to be disclosed and pending approval from U.S. District Judge Jed Rakoff. The lawsuit, filed in October 2025, claims that the bank knowingly provided financial support to Epstein and failed to alert law enforcement about his crimes, prioritizing profit over the protection of survivors. A court hearing to consider the settlement is set for April 2, 2026, while a scheduled deposition for Leon Black, who paid Epstein $158 million for tax and estate planning advice, may be canceled as a result of this development.