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Judge Rakoff's Opinion And Order In The Lawsuit Brought By The Survivors (Part 1) (7/21/24)
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Manage episode 430010226 series 3380507
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Judge Jed Rakoff approved a $290 million settlement between JPMorgan Chase and Jeffrey Epstein's victims, emphasizing that the case sent a strong message to the financial industry about the responsibilities of banking institutions. The settlement, which did not require JPMorgan to admit liability, resolved claims that the bank ignored red flags to maintain Epstein as a client, benefiting from his illegal activities from 1998 to 2013.
The approval came after a last-minute challenge from 16 state attorneys general who objected to a clause in the settlement that prevented future claims by any "sovereign or government" on behalf of the victims. They argued that this could hinder future cases against sex trafficking perpetrators. However, Rakoff found the settlement terms clear and justified, dismissing the objections.
The settlement also included a provision for the lawyers to receive 30% of the settlement amount in fees, which the judge deemed fair given the significant recovery for the plaintiffs. This settlement follows a similar case where Deutsche Bank agreed to pay $75 million to settle claims related to Epstein without admitting wrongdoing.
(commercial at 7:44)
to contact me:
bobbycapucci@protonmail.com
source:
gov.uscourts.nysd.591653.130.0_1.pdf (courtlistener.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
…
continue reading
The approval came after a last-minute challenge from 16 state attorneys general who objected to a clause in the settlement that prevented future claims by any "sovereign or government" on behalf of the victims. They argued that this could hinder future cases against sex trafficking perpetrators. However, Rakoff found the settlement terms clear and justified, dismissing the objections.
The settlement also included a provision for the lawyers to receive 30% of the settlement amount in fees, which the judge deemed fair given the significant recovery for the plaintiffs. This settlement follows a similar case where Deutsche Bank agreed to pay $75 million to settle claims related to Epstein without admitting wrongdoing.
(commercial at 7:44)
to contact me:
bobbycapucci@protonmail.com
source:
gov.uscourts.nysd.591653.130.0_1.pdf (courtlistener.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
1041 episodes
MP3•Episode home
Manage episode 430010226 series 3380507
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Judge Jed Rakoff approved a $290 million settlement between JPMorgan Chase and Jeffrey Epstein's victims, emphasizing that the case sent a strong message to the financial industry about the responsibilities of banking institutions. The settlement, which did not require JPMorgan to admit liability, resolved claims that the bank ignored red flags to maintain Epstein as a client, benefiting from his illegal activities from 1998 to 2013.
The approval came after a last-minute challenge from 16 state attorneys general who objected to a clause in the settlement that prevented future claims by any "sovereign or government" on behalf of the victims. They argued that this could hinder future cases against sex trafficking perpetrators. However, Rakoff found the settlement terms clear and justified, dismissing the objections.
The settlement also included a provision for the lawyers to receive 30% of the settlement amount in fees, which the judge deemed fair given the significant recovery for the plaintiffs. This settlement follows a similar case where Deutsche Bank agreed to pay $75 million to settle claims related to Epstein without admitting wrongdoing.
(commercial at 7:44)
to contact me:
bobbycapucci@protonmail.com
source:
gov.uscourts.nysd.591653.130.0_1.pdf (courtlistener.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
…
continue reading
The approval came after a last-minute challenge from 16 state attorneys general who objected to a clause in the settlement that prevented future claims by any "sovereign or government" on behalf of the victims. They argued that this could hinder future cases against sex trafficking perpetrators. However, Rakoff found the settlement terms clear and justified, dismissing the objections.
The settlement also included a provision for the lawyers to receive 30% of the settlement amount in fees, which the judge deemed fair given the significant recovery for the plaintiffs. This settlement follows a similar case where Deutsche Bank agreed to pay $75 million to settle claims related to Epstein without admitting wrongdoing.
(commercial at 7:44)
to contact me:
bobbycapucci@protonmail.com
source:
gov.uscourts.nysd.591653.130.0_1.pdf (courtlistener.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
1041 episodes
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