Judge Rakoff's Opinion And Order In The Lawsuit Brought By The Survivors (Part 2) (7/22/24)
![Judge Rakoff's Opinion And Order In The Lawsuit Brought By The Survivors (Part 2) (7/22/24)](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/74ea40788dd99ac7f02283669a63532e.jpg)
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Judge Rakoff's Opinion And Order In The Lawsuit Brought By The Survivors (Part 2) (7/22/24)
This is an automatically generated transcript. Please note that complete accuracy is not guaranteed.
Description
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...
show moreThe 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 10:19)
to contact me:
bobbycapucci@protonmail.com
source:
gov.uscourts.nysd.591653.130.0_1.pdf (courtlistener.com)
Information
Author | Bobby Capucci |
Organization | Bobby Capucci |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company