NEW YORK (AP) — JPMorgan Chase & Co. CEO Jamie Dimon should bear as much as two days of questioning by legal professionals dealing with lawsuits over whether or not the financial institution might be held liable in financier Jeffrey Epstein’s sexual abuse of teenage women and girls, a federal decide stated Tuesday.
Throughout a phone convention with legal professionals, Decide Jed Rakoff in Manhattan ordered Dimon to put aside two days for deposition testimony, although he didn’t specify when. He stated in the future of testimony is likely to be adequate and legal professionals must get his approval to proceed to a second day.
The New York financial institution, the nation’s largest, has been sued by the federal government of the U.S. Virgin Islands and two girls, each recognized as Jane Doe, who say they had been abused by Epstein.
The lawsuits contend JPMorgan ought to have seen proof of Epstein’s intercourse trafficking and averted benefiting from it.
The financial institution, moreover denying the allegations, has sued one in all its former executives, saying the person hid Epstein’s a long time of intercourse abuse and trafficking to maintain Epstein as a consumer.
Darin Oduyoye, a JPMorgan spokesperson, stated legal professionals for the lawsuits in opposition to JPMorgan “know our CEO has no related information, however persists with this media stunt designed for headlines and clicks.”
He stated a evaluate of greater than twenty years of emails and different paperwork made it clear that Dimon had no involvement with Epstein or his accounts.
“He doesn’t recall ever assembly, talking or speaking with him,” Oduyoye stated.
Epstein was 66 when he killed himself in a federal jail cell in August 2019 as he awaited trial on intercourse trafficking prices. Federal prosecutors had accused him of paying underage ladies lots of of {dollars} for massages at his properties in Florida and New York, the place he then molested them.
Legal professionals for JPMorgan didn’t instantly return messages searching for remark.
