A US judge on Thursday ordered JPMorgan Chase & Co to turn over more documents on Chief Executive Jamie Dimon to the US Virgin Islands in a lawsuit, in which the territory accuses the bank of aiding the sex trafficking of millionaire Jeffrey Epstein.
The US District Judge Jed Rakoff in Manhattan said the bank must deliver the requested documents from 2015 to 2019, a period after JPMorgan he had ceased to be an Epstein client. Rakoff he did not explain his reasoning in his one-sentence order.
JPMorgan declined to comment.
The United States Virgin Islands seeks a payment of damages from JPMorganfor allegedly aiding in Epstein’s sex trafficking by keeping him as a client, and ignoring red flags about his misconduct on Little St. James, a private island he owns.
Epstein was a client of JPMorgan between 2000 and 2013. She committed suicide in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges.
The US Virgin Islands has called Dimon “a likely source of relevant and unique information” about why JPMorgan retained Epstein as a client, and discussions about Epstein’s referrals to prominent and wealthy potential clients.
JPMorgan counterattacked by accusing the US Virgin Islands of going on a “fishing expedition” after having obtained a “huge treasure” of information in litigation in which the territory recovered more than $105 million from the Epstein estate.
Lawyers for the US Virgin Islands did not immediately respond to requests for comment.
JPMorgan he also faces a class action lawsuit over his ties to Epstein brought by a former ballet dancer who said Epstein abused and trafficked her from 2006 to 2013.
On Wednesday, the bank filed two lawsuits accusing former private banking chief Jes Staley of “willful and scandalous conduct” for withholding information about Epstein, with whom he had been friends.
JPMorgan he wants Staley to reimburse him for any damages he might incur in other litigation, and to pay him back.
Source: Reuters
Source: Gestion
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