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Bank of America has agreed to pay $72.5 million to settle a lawsuit filed by an alleged victim of late financier and convicted sex offender Jeffrey Epstein, according to court documents filed Friday.

Attorneys for the Charlotte, North Carolina-based bank and Jane Doe reached a settlement in principle March 11, after engaging in mediation sessions with a former federal judge who also mediated the Jane Doe case against JPMorgan Chase. U.S. District Court Judge Jed Rakoff is set to consider the settlement at a Thursday hearing. 

BofA did not admit any wrongdoing as part of the settlement. “While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs,” a bank spokesperson said in an email.

Doe’s attorneys, David Boies of law firm Boies Schiller Flexner and Bradley Edwards of Edwards Henderson, said the settlement “represents a favorable and fair result for the Class” of plaintiffs, according to court documents. 

The class includes “all women who were sexually abused or trafficked by Jeffrey Epstein, or by any person who is connected to or otherwise associated with Jeffrey Epstein or any Jeffrey Epstein sex-trafficking venture, between June 30, 2008 and July 6, 2019,” according to terms of the settlement. 

Settlement amounts for class members will be determined by severity, type and extent of alleged abuse or trafficking, the nature and duration of relationships with Epstein and cooperation with government investigations, among other factors.

The attorneys said they may pursue up to 30% of the settlement amount to cover legal fees. The two firms also represented alleged victims in 2023 cases against JPMorgan and Deutsche Bank.

Proposed class-action lawsuits, filed in October 2025 by Doe, accused BofA and New York City-based BNY of participating in and benefiting from Epstein’s sex trafficking enterprise. 

Both banks sought to dismiss the lawsuits, calling the allegations “threadbare” and “razor-thin.” Doe added more allegations in an amended complaint in December, after the judge expressed skepticism about the lawsuits, which he said were “frequently conclusory” and failed to demonstrate the banks’ wrongdoing. 

In January, the judge dismissed all claims against BNY, but allowed two of six claims against BofA to proceed, including that the country’s second-largest lender obstructed the enforcement of trafficking laws. 

In Rakoff’s subsequent opinion and order, issued in February, he said claims of Bank of America’s “reckless disregard” of information on Epstein’s sex trafficking met the bar for the lawsuit to move forward. 

The judge’s opinion didn’t determine the merit of the claims, but he said the alleged victim’s amended complaint “plausibly asserts that the bank turned a blind eye to these repeated, detailed allegations … by utterly failing to engage in due diligence about them.”

Doe accused BofA of failing to apply proper scrutiny to suspicious transactions connected to Epstein’s accounts, including former Apollo Global Management CEO Leon Black transferring some $170 million to Epstein without a known business reason. 

Additionally, a BofA account was opened in Doe’s name in 2013 and she was treated as a “preferred customer” and provided premier services at the bank despite having no prior income or wealth and no ability to earn legitimate income in the U.S., she alleged.

A trial had been scheduled for May.

Deutsche Bank paid a similar amount to settle a lawsuit brought by alleged Epstein victims, while JPMorgan paid $290 million that same year to settle a separate suit brought by alleged victims.

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