Jeffrey Epstein’s estate has agreed to pay up to $35 million to settle a class-action lawsuit that alleged two of the financier’s advisers assisted in his sex trafficking of young women and teenage girls, according to a court filing.
The law firm Boies Schiller Flexner, representing Epstein’s victims, announced the settlement in a filing submitted to a Manhattan federal court on Thursday.
If approved by a judge, the agreement would resolve a 2024 lawsuit against Darren Indyke, Epstein’s former personal lawyer, and Richard Kahn, his former accountant, who serve as co-executors of Epstein’s estate.
Previously, Epstein’s estate established a restitution fund that distributed $121 million to victims and paid an additional $49 million in separate settlements.
In an emailed statement, Daniel Weiner, the lawyer for Indyke and Kahn, said that neither man “made any admission or concession of misconduct” as part of the settlement. “Because they did nothing wrong, the co-executors were prepared to fight the claims against them through to trial, but agreed to mediate and settle this lawsuit in order to achieve finality as to any potential claims against the Epstein Estate,” Weiner stated. He added that the settlement offers “a confidential avenue for financial relief” for victims who have not yet resolved claims against the estate.
Epstein died in a New York jail in August 2019; his death was ruled a suicide.
The 2024 lawsuit claimed that Indyke and Kahn helped Epstein establish a complex network of corporations and bank accounts, enabling him to conceal his abuses and pay victims and recruiters, while they themselves were “richly compensated” for their work.
The Boies law firm previously secured $365 million in settlements from JPMorgan Chase and Deutsche Bank, after alleging the banks overlooked red flags concerning Epstein, who was once a lucrative client.
Frequently Asked Questions
Of course Here is a list of FAQs about the Jeffrey Epstein estates settlement with survivors written in a clear and natural tone
BeginnerLevel Questions
1 What is this settlement about
This is a settlement to resolve a lawsuit filed by survivors of Jeffrey Epsteins sexual abuse and sex trafficking The lawsuit was against his estate
2 How much money is involved
The estate has agreed to pay up to 35 million into a compensation fund for survivors
3 Who gets the money
The money will go to survivors who were abused or trafficked by Jeffrey Epstein and who choose to make a claim through the settlement fund It is not a single lump sum but a fund to pay multiple individual claims
4 Why is his estate paying if hes dead
When someone dies their assets become an estate Lawsuits can be filed against that estate to seek compensation for wrongs the person committed while alive This settlement uses Epsteins own money to compensate his victims
5 Does this mean the legal cases are over
This settlement resolves the specific lawsuit it was designed for However it does not affect other ongoing investigations or lawsuits against individuals who allegedly assisted Epstein
Advanced Detailed Questions
6 What is the Victims Compensation Fund and how does it work
Its an independent privately administered program Survivors can submit claims confidentially The administrator evaluates each claim based on its merits and determines a fair payout from the 35 million fund following set guidelines
7 Whats the difference between this settlement and the earlier one from 2021
In 2021 a separate compensation fund run by the Epstein estate paid about 125 million to over 135 survivors This new 35 million settlement is to resolve a remaining classaction lawsuit that continued after that fund closed Its essentially a second round of settlements to address unresolved claims
8 What are the benefits of settling for the survivors
It provides compensation without the need for a long public and traumatic trial It offers a measure of finality and accountability by using Epsteins wealth to directly compensate those he harmed
