JPM - JPMorgan CEO Jamie Dimon ordered to face questions about Epstein suits

2023-04-18 17:21:57 ET

JPMorgan Chase ( NYSE: JPM ) CEO Jamie Dimon on Tuesday was ordered to provide testimony in lawsuits that claim the bank facilitated Jeffrey Epstein’s alleged sex-trafficking. U.S. District Judge Jed Rakoff said Dimon can be questioned under oath for as many as seven hours during a two-day period.

Lawyers for the U.S. Virgin Islands and an unnamed woman who accused Epstein of sexual abuse, who are plaintiffs in two claims against JPMorgan ( JPM ), will have five hours to depose the CEO.

The judge also said an attorney representing former JPMorgan ( JPM ) executive Jes Staley, whom the bank sued for allegedly hiding what he knew about Epstein, can question Dimon for two hours.

Rakoff set the times at a Tuesday conference in Manhattan federal court, saying he may allow more time for depositions if anyone requests it. A JPMorgan ( JPM ) spokesperson said the bank had offered to make Dimon available for three hours of questioning.

“The plaintiffs’ counsel know our CEO has no relevant knowledge, but persist with this media stunt designed for headlines and clicks,” a spokesperson for J.P. Morgan said by email. “A review of more than two decades of emails and other documents makes it clear that he had no involvement with Epstein or his accounts. He does not recall ever meeting, speaking or communicating with him.”

Epstein was a JPMorgan customer until the bank ended its relationship with the convicted sex offender in 2013. He subsequently banked with Deutsche Bank, which also is being sued by a second Epstein accuser. He died in jail in 2019 before a pending trial on federal sex-trafficking charges.

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