Judge says JPMorgan, Deutsche will have to face Epstein lawsuits, Reuters says

U.S. District Judge Jed Rakoff in Manhattan determined that JPMorgan (JPM) and Deutsche Bank (DB) will have to face lawsuits accusing the banks of enabling Jeffrey Epstein’s sex trafficking, Reuters’ Jonathan Stempel reports. The decision could expose the two lenders to additional financial and reputational damage for maintaining Epstein as a client, the author notes. In his order, Rakoff said JPMorgan must face a lawsuit by the U.S. Virgin Islands that claims the bank missed red flags about Epstein’s abuse of women on Little St. James, the author says, noting that the judge also ruled both companies must face proposed class actions by women who said Epstein abused them. Reference Link