Boies Schiller Flexner attorneys won two settlements on behalf of a class of victims of Jeffrey Epstein.
U.S. District Judge Jed Rakoff granted final approval of the $290 million settlement between JPMorgan Chase & Co. and the class of victims, resolving claims that the bank kept Epstein as a client despite its knowledge of his sex trafficking scheme. In addition, Judge Rakoff approved the 30% fee award requested by BSF and co-counsel, amounting to $87 million. Judge Rakoff said "in my 27 years on the bench, I have not seen such a good settlement arrive in such a short order, of a case of similar complexity.”
The firm reached a similar settlement against Deutsche Bank for $75 million. Judge Rakoff also approved the 30% fee award of $22.5 million requested by BSF and co-counsel. Epstein became a customer of Deutsche Bank after JPMorgan ended its banking relationship with him.
The BSF team representing the plaintiffs includes David Boies, Sigrid McCawley, Andrew Villacastin, Sabina Mariella, Danny Crispino, Alexander Law, Virginia Su, Thomas McCawley, Josh Kolb, and Olivia McKenzie.
Several media outlets covered the settlements, quoting David and Sigrid. Please see links below.
The New York Times: Judge Approves JPMorgan’s $290 Million Settlement With Epstein Victims
Bloomberg: JPMorgan’s $290 Million Payout to Epstein Victims Wins Approval
Bloomberg Law: JPMorgan’s $290 Million Epstein Victims Pact Wins Approval
Forbes: Epstein Case: Judge Set To Decide On Final Approval For JPMorgan Settlement
Law360: Epstein Victims' $290M Deal With JPMorgan Gets Final Nod
CNBC: JPMorgan’s $290 Million Settlement with Epstein Accusers Wins Approval by U.S. Judge
Reuters: US Judge Approves Deutsche Bank $75 Million Settlement With Epstein Accusers
Law360: Epstein Victim Attys Get $22.5M In Deutsche Bank Deal