Bank of America has reached a settlement in a lawsuit filed by an anonymous woman over the bank’s ties to the late sex offender Jeffrey Epstein.
Lawyers for the bank and the plaintiff told a judge that the parties had reached a “settlement in principle”. The development was disclosed in a court filing made public on Monday.
The woman, who said she had been a victim of Epstein, filed the lawsuit in Manhattan federal court in October last year under the pseudonym Jane Doe. She sought class-action status for the case and financial damages.
The complaint alleged that Bank of America “participated in and financially benefited from Jeffrey Epstein’s widespread and well-publicised sex-trafficking operation, as well as the direct financial benefits it received from that activity”.
The proposed settlement—whose terms have not been disclosed—is due to be reviewed and approved by a judge at a court hearing in early April.