A federal judge on Tuesday bought the JPMorgan Chase & & Co CEO, Jamie Dimon, to reserve 2 days for depositions for what he understood about the bank’s relationship with the sex transgressor and previous customer Jeffrey Epstein.
The biggest United States bank deals with suits looking for damages by ladies who declare that Epstein sexually abused them, and by the United States Virgin Islands, where the late investor had a house.
JPMorgan is independently taking legal action against a previous personal banking chief, Jes Staley, declaring he hid what he learnt about Epstein and ought to cover losses it might sustain in the 2 suits.
United States district judge Jed Rakoff in Manhattan stated Dimon can be questioned by the complainants’ attorneys for 5 hours, and by Staley’s attorney for 2 hours.
Rakoff might permit more time if anybody demands it. JPMorgan had actually used to make Dimon readily available for 3 hours. A trial is set up for 23 October.
“The complainants’ counsel understand our CEO has no pertinent understanding, however continue with this media stunt,” JPMorgan stated in a declaration. “An evaluation of more than twenty years of e-mails and other files makes it clear that he had no participation with Epstein or his accounts. He does not remember ever conference, speaking or interacting with him.”
Epstein was a JPMorgan customer from 2000 to 2013, staying so after pleading guilty in 2008 to a Florida state prostitution charge.
In court documents, JPMorgan has actually been implicated of understanding by 2006 that Epstein paid money to have minor ladies and girls gave his house, and overlooking a number of internal cautions to cut ties with him.
Dimon signed up with JPMorgan in 2004 and ended up being CEO in December 2005. He has actually not been implicated of misdeed.
after newsletter promo
Legal representatives for the complainants and Staley did not instantly react to ask for remark.
Staley, who was Barclays Plc’s CEO from 2015 to 2021, has actually revealed remorse for getting along with Epstein.
In August 2019, Epstein eliminated himself in a Manhattan prison cell while waiting for trial for sex trafficking.