Jes Staley must face JPMorgan’s Epstein claim, judge rules
Jes Staley should face claims that he misled JPMorgan Chase about his relationship with Jeffrey Epstein after a New York choose denied the banker’s try and dismiss a lawsuit introduced by his former employer.
The 66-year-old, who spent greater than 30 years at JPMorgan, was sued by the financial institution in March, which sought to make him answerable for any damages awarded in two separate claims over its determination to retain Epstein as a shopper for 15 years.
These lawsuits in opposition to JPMorgan had been filed in direction of the tip of final 12 months, one by an unnamed Epstein accuser, and the opposite by the US Virgin Islands, the place the disgraced financier had a house. They allege that JPMorgan benefited from human trafficking by ignoring a number of inside purple flags about Epstein’s arrest and subsequent cost for soliciting a minor in Florida.
The Epstein accuser mentioned she was raped by Staley, and that Staley witnessed her being abused by Epstein — claims that Staley has strongly denied.
JPMorgan mentioned that if such allegations had been true, Staley, who was for a interval Epstein’s personal banker, didn’t comply together with his fiduciary duties. The financial institution can also be making an attempt to claw again a few of Staley’s pay from his time at JPMorgan. Staley has described the allegations as “slanderous” and “baseless however critical”.
Staley’s legal professionals didn’t instantly reply to a request for remark. JPMorgan declined to remark.
Final week, the financial institution mentioned in a press release: “Staley is accused of unspeakable acts which are the inspiration of the claims in opposition to the financial institution. If true, he’s accountable for any hurt finished not simply to the financial institution, however to those girls.”