Some Epstein Victims May Pursue Claims Against Two Wall St. Executives

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At least one long-time victim of sexual abuse by Jeffrey Epstein, who received a monetary settlement from his estate, can also pursue separate claims against two former Wall Street executives, according to sources familiar with the matter. Richard Kahn, an executor of Epstein’s estate, revealed in a deposition that the victim’s settlement included provisions involving Leon Black, a billionaire private equity investor, and James E. Staley, a former top executive at JPMorgan Chase and Barclays. This reveals how Black and Staley are still facing repercussions for their association with Epstein, even four years after his death. This development could pave the way for other victims to pursue claims against Black and Staley, which could subject them to further scrutiny and liability.

During the deposition, Kahn, who served as Epstein’s accountant, mentioned that at least one other victim had requested a similar carve-out provision from the estate. He hinted that other victims may have made similar requests regarding other individuals, although specific details were not provided. It remains unclear whether these women have actually pursued legal claims against Black or Staley, or what those claims might entail.

Epstein’s estate, in settling claims with victims, had sought to limit potential litigation against anyone connected to Epstein. The carve-out provision allows victims to pursue other legal actions despite the broad release in the settlement. Notably, both Black and Staley had ties to Epstein, with Black paying him $158 million for tax and estate planning services. These payments have attracted the attention of the Senate Finance Committee.

Susan Estrich, a lawyer representing Black, dismissed the deposition testimony as baseless character assassination, stating that the allegations were made by anonymous women who have never brought a claim against Black. Lawyers for Staley did not respond to requests for comments, while Kahn’s lawyer declined to comment.

The deposition by Kahn was related to a class-action lawsuit filed by Epstein’s victims against JPMorgan Chase, as well as a separate lawsuit by the U.S. Virgin Islands. These lawsuits assert that the bank ignored Epstein’s trafficking activities due to his wealth and influential connections. While JPMorgan settled the class-action lawsuit by paying $290 million, it continues to contest the Virgin Islands’ suit seeking $190 million in damages. JPMorgan is also suing Staley in connection with the same suit, arguing that he could be held accountable for damages.

In court filings, JPMorgan claimed that it continued to do business with Epstein based on Staley’s assurances that Epstein had moved on from his past misconduct. Internal emails from Staley’s company, reviewed by JPMorgan after Epstein’s arrest in 2019, revealed sexually suggestive exchanges between the two men. Staley’s lawyers maintain his innocence, stating he was unaware of Epstein’s sex trafficking activities.

Black stepped down as chairman and chief executive of Apollo in 2021 due to his ties to Epstein. Additionally, he agreed to pay $62.5 million to the Virgin Islands this year to avoid a potential lawsuit linking his payments to Epstein with the financing of Epstein’s sex trafficking operation.

Black currently faces lawsuits from two other women who claim to have been raped by him at Epstein’s Manhattan townhouse approximately two decades ago. Estrich referred to these allegations as false and frivolous. Lawyers representing Epstein’s victims estimate that he sexually abused hundreds of teenage girls and young women over the course of two decades. To date, over 125 women have received a total of $153 million in settlement payments from either the estate’s restitution fund or through direct negotiations, including the two women mentioned in Kahn’s deposition.

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