NEW YORK, June 16 (Reuters) – Jamie Dimon, the chief govt of JPMorgan Chase (JPM.N), won’t have to take a seat for a second deposition within the U.S. Virgin Islands’ lawsuit over the financial institution’s work for Jeffrey Epstein, the late financier and intercourse offender.
U.S. District Decide Jed Rakoff in Manhattan on Friday denied “in its entirety” the U.S. Virgin Islands’ request to once more have Dimon and one other JPMorgan worker testify underneath oath.
The territory, the place Epstein owned two neighboring islands, is searching for damages from JPMorgan for allegedly ignoring Epstein’s sexual abuses and letting him arrange a intercourse trafficking operation there.
Epstein was a JPMorgan shopper from 1998 till the financial institution terminated him in 2013. He died of an obvious suicide in a Manhattan jail cell in August 2019, one month after being arrested on intercourse trafficking costs.
JPMorgan declined to remark.
A spokesperson for the U.S. Virgin Islands mentioned the territory is assured it has “greater than enough” proof to indicate JPMorgan “facilitated and hid Jeffrey Epstein’s heinous crimes in violation of the legislation.”
The financial institution has mentioned Dimon was “crystal clear” in his Could 26 deposition that he knew nothing about Epstein’s sexual abuse of younger ladies and teenage ladies whereas Epstein was a shopper.
Dimon mentioned he didn’t recall discussing Epstein’s accounts on the time, and had barely heard of Epstein till his July 2019 arrest.
On June 12, JPMorgan agreed in precept to pay $290 million to settle a class-action lawsuit by dozens of ladies who mentioned Epstein sexually abused them.
The financial institution is suing former govt Jes Staley, a onetime Epstein good friend and later Barclays’ (BARC.L) chief govt, to cowl losses in each lawsuits for allegedly concealing what he knew about Epstein’s crimes.
Staley has denied wrongdoing. An Oct. 23 trial is scheduled.
The case is U.S. Virgin Islands v. JPMorgan Chase Financial institution NA, U.S. District Court docket, Southern District of New York, No. 22-10904.
Reporting by Jonathan Stempel in New York; enhancing by Jonathan Oatis
Our Requirements: The Thomson Reuters Belief Rules.
