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Deutsche Bank has agreed to pay $75 million to sexual abuse victims of Jeffrey Epstein to settle a lawsuit (vụ kiện) filed last year in Manhattan

The settlement (dàn xếp), which requires approval by a federal judge, would resolve a proposed class-action suit that alleged the bank had helped enable the disgraced financier’s sex trafficking of young women by missing warning signs in Mr. Epstein’s accounts that he was engaged in wrongdoing (việc làm sai trái).

Dylan Riddle, a spokesman for the German bank, declined to comment on any proposed settlement. But in a statement, Mr. Riddle said the bank “has made considerable progress in remedying a number of past issues,” while investing in bolstering its internal controls (kiểm soát nội bộ).

David Boies and Brad Edwards, the lawyers for the women who brought the case, said $75 million would be made available to the more than 125 victims of Mr. Epstein who previously obtained payouts from a restitution fund established by his estate after his death in 2019.

...Mr. Epstein’s estate established the restitution fund (quỹ bồi thường) several months after he died by suicide while in federal custody (nhà tù liên bang) awaiting trial on sex-trafficking charges.

The fund has paid out more than $125 million to his victims — many of whom were teenage girls when Mr. Epstein abused them.