Business
Bank of America Agrees to Pay $72.5 Million to Settle Epstein Lawsuit
Bank of America BAC -2.63%decrease; red down pointing triangle agreed to pay $72.5 million to settle a lawsuit that alleged the bank kept ties to people close to Jeffrey Epstein and failed to flag suspicious payments between the convicted sex offender and his associates and victims.
The proposed class-action lawsuit was filed last year on behalf of a woman who said she was sexually abused and trafficked by Epstein between 2011 and 2019, as well as on behalf of other victims.
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