Deutsche Bank has agreed to pay $75 million to settle a proposed class-action lawsuit alleging the German bank facilitated the late Jeffrey Epstein‘s sex-trafficking ring, according to attorneys for the plaintiffs.
The suit was filed last year in New York by a woman listed in court filings as Jane Doe 1 on behalf of herself and other accusers, alleging Deutsche Bank did business with Epstein for five years despite knowing he was engaged in sex-trafficking.
Deutsche Bank did not admit wrongdoing as part of the settlement, a person familiar with the matter told DailyMail.com late on Wednesday.
The plaintiffs’ lawyers, from the law firms Boies Schiller Flexner and Edwards Pottinger, said they believed the $75 million settlement was the largest sex-trafficking settlement involving a banking institution.
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