Jes Staley, previous CEO, Barclays.
Justin Solomon|CNBC
A federal judge Wednesday rejected a quote by previous JPMorgan Chase executive Jes Staley to dismiss a problem by the bank that looks for to hold him lawfully responsible for sex trafficking by previous JPMorgan client Jeffrey Epstein.
The judgment in U.S. District Court in Manhattan came 2 days prior to JPMorgan CEO Jamie Dimon is arranged 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 gained from 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 action to the Virgin Islands’ claim and the comparable one by the Jane Doe accuser, JPMorgan submitted a so-called third-party grievance versus Staley.
That action argues if the Virgin Islands shows its claims, “Staley is solely liable to the USVI, or liable to JPMC for all sums awarded to the USVI and against JPMC, if any, at trial.” The fit likewise looks for to claw back more than $80 million in payment 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 quick order rejected Staley’s movement completely.
“An opinion explaining the reasoning behind this ruling will follow in due course,” the judge composed.
Staley’s attorneys did not instantly react to an ask for remark.
Staley has actually rejected understanding about Epstein’s sex trafficking.
He acted as CEO of Barclays from 2015 till late 2021, when he gave up after British monetary regulators examined his ties to Epstein.
Epstein passed away from suicide in a Manhattan prison in August 2019, weeks after being apprehended on federal kid sex trafficking charges.
