Jes Staley to deal with fit over Jeffrey Epstein

Jes Staley, previous CEO of Barclays

Justin Solomon|CNBC

A federal judge on Wednesday rejected a quote by previous JPMorgan Chase executive Jes Staley to dismiss a grievance by the bank that looks for to hold him lawfully accountable for sex trafficking by previous JPMorgan consumer Jeffrey Epstein

The judgment in U.S. District Court in Manhattan came 2 days prior to JPMorgan CEO Jamie Dimon is set up to be deposed in claims by the federal government of the U.S. Virgin Islands and an Epstein accuser versus the bank over its relationship with the late predator.

The Virgin Islands declares in its fit submitted in December that JPMorgan assisted in and economically took advantage of the trafficking of girls by Epstein to his personal island in the American area to be sexually abused by him and others there.

Epstein patronized of the bank from 1998 till 2013.

In March, as part of its legal reaction to the Virgin Islands suit and the comparable one by the “Jane Doe” accuser, JPMorgan submitted a so-called third-party grievance versus Staley.

That action argues that if the Virgin Islands shows its accusations, “Staley is entirely accountable to the USVI, or accountable to JPMC for all amounts granted to the USVI and versus JPMC, if any, at trial.” The fit likewise looks for to claw back more than $80 million in payment that Staley got from the bank, where he worked for 3 years.

Staley, who had actually been a bottom line of contact at the bank for Epstein, last month asked Judge Jed Rakoff to throw out the grievance versus him by JPMorgan.

Rakoff in a short order rejected “Staley’s movement completely.”

” A viewpoint discussing the thinking behind this judgment will follow in due course,” the judge composed.

Staley’s attorneys did not instantly respon to an ask for remark.

Staley has actually rejected learning about Epstein’s sex trafficking.

He functioned as CEO of Barclays from 2015 till late 2021, when he stopped after British monetary regulators examined his ties to Epstein.

Epstein passed away from suicide in a Manhattan prison in August 2019, weeks after being detained on federal kid sex trafficking charges.

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