Bank of America has agreed to pay $72.5 million to settle a class-action lawsuit filed on behalf of women who allege they were victims of Jeffrey Epstein's sex trafficking network, according to a filing in Manhattan federal court dated March 27.
The bank has denied wrongdoing as part of the settlement. No further terms were disclosed in the source reporting.
The resolution adds Bank of America to a list of financial institutions that have faced legal action over their alleged facilitation of Epstein-linked financial activity. JPMorgan Chase previously agreed to a $290 million settlement in a related case in 2023.
