The estate of Jeffrey Epstein has agreed to pay up to $35 million to settle a class-action lawsuit introduced by survivors of the late convicted intercourse offender.
The criticism, which was first filed in 2024, alleges that Darren Indyke and Richard Kahn, co-executors of Epstein’s estate, “facilitated” Epstein’s “sex trafficking and abuse” and “were also integral in allowing Epstein to escape justice for years by concealing his litany of crimes.”
The settlement would resolve all claims in opposition to Indyke, Kahn and the estate. A choose should now log out on the settlement.
It comes amid the fallout from the Justice Department’s launch of thousands and thousands of pages of recordsdata associated to Epstein in doc dumps over the course of the final yr. The recordsdata embrace quite a few prominent names, and revelations have prompted several executives to step down.
The events agreed on a settlement of up to $35 million, in accordance to a courtroom submitting Thursday. The last determine is determined by the variety of survivors that signed onto the class-action lawsuit, and it could possibly be as little as $25 million if there are lower than 40 “Eligible Class Members.”
NCS has reached out to attorneys representing the survivors, alongside with attorneys for Indyke and Kahn for remark.
Several survivors have already acquired compensation since Epstein died by suicide in August 2019 whereas awaiting his intercourse trafficking trial.
In November 2019, attorneys for Epstein’s estate executors filed a request to pursue a survivor compensation fund to keep away from litigation and this system began in June 2020. By early 2021, payouts were paused as a result of the estate was low on money. Before the pause, over 150 claims had been filed and this system paid out over $50 million to eligible claimants.
Survivors have additionally reached settlements with two banks the place Epstein was a shopper: JP Morgan Chase, which agreed to pay $290 million to settle a class-action lawsuit, and Deutsche Bank, which reached a $75 million settlement.