Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier and convicted sex offender Jeffrey Epstein, lawyers have confirmed.
The settlement resolves a class-action suit filed by two women, referred to as “Jane Doe” against the banks in November last year.
New York federal judge Jed Rakoff ruled in March that the two women could try to make their claims that Deutsche Bank had enabled Epstein to traffic his victims, or more specifically, that the bank, “knowingly benefited from participating in a sex-trafficking venture,” “obstructed enforcement of the Trafficking Victims Protection Act,” and “negligently failed to exercise reasonable care to prevent physical harm.”…