JPMorgan Chase said it should not be held liable for a former top executive's relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of facilitating its former client's sex trafficking enterprise
on Wednesday said it should not be held liable for a former top executive's relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of facilitating its former client's sex trafficking enterprise.
In a filing in Manhattan federal court, JPMorgan said emails between former executive Jes Staley and Epstein provided no basis for the U.S. Virgin Islands, which filed the lawsuit, to suggest Staley could "detect Epstein's sex trafficking." The bank also said there was no proof Staley's personal travel to the islands or alleged inappropriate emails were part of his job, and that even assuming Staley helped "direct" Epstein's sex trafficking "his conduct would be far beyond his remit as a JPMC employee."
In seeking the dismissal of the "misdirected and deficient" lawsuit, JPMorgan said there was no explanation for how it might have known about and benefited from Epstein's misconduct by having him as a client from 2000 to 2013.
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