JPM - JPMorgan Chase ready to pay $290M to settle Epstein victims' suit - report
2023-06-12 10:01:16 ET
- JPMorgan Chase ( NYSE: JPM ) is prepared to pay $290M to settle a lawsuit with sexual abuse victims of deceased financier Jeffrey Epstein, according to a media report on Monday.
- Earlier, the New York Times reported on a tentative settlement between the Wall Street bank and a group of Epstein's victims, citing a statement which didn't provide a dollar amount.
- At 9:40 AM ET, the NYT updated its article to include the proposed payment amount.
- JPMorgan ( JPM ) hasn't responded to a request for comment from Seeking Alpha.
- JPM stock has edged up 0.1% in early Monday trading.
- In May, Deutsche Bank ( DB ) agreed to pay $75M to settle a similar lawsuit.
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JPMorgan Chase ready to pay $290M to settle Epstein victims' suit - report