Mega Edition: Judge Rakoff Makes A Ruling In The Survivors Suit Against USVI (Part 1-2) (1/24/26)
Published: January 25, 2026
Duration: 24:52
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...
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...