Legal Pressure Intensifies on JPMorgan CEO and Executives
The legal representatives of Jeffrey Epstein's victims, who are suing JPMorgan Chase for its alleged connections with the disgraced financier, have appealed to a judge on Friday for new depositions from CEO Jamie Dimon and two other bank officials.
Unveiling Unreleased Documents: The Catalyst for New Depositions
The petition to U.S. District Judge Jed Rakoff in Manhattan stemmed from a claim by the lawyers that JPMorgan has been sluggish in providing pertinent documents. This includes over 1,500 records produced following Dimon's deposition on May 26, which they believe merits a fresh deposition.
Revealing the Epstein-JPMorgan Connection through Emails and Internal Reviews
According to the legal team, the undisclosed documents contained discussions about an internal review initiated post-Epstein's death in August 2019 and a detailed 22-page email timeline showcasing exchanges between Epstein and Jes Staley, a former JPMorgan asset management overseer.
Revisiting Epstein's Relationship with JPMorgan and Other Key Officials
Epstein, a JPMorgan client from 1998 to 2013, died under suspicious circumstances in a Manhattan jail cell in August 2019 while facing sex trafficking charges. The legal team also seeks to question Mary Erdoes, the head of JPMorgan's wealth and asset management division, and Mary Casey, Epstein's former private banker.
JPMorgan's Defense Against New Deposition Calls
JPMorgan spokesman Darin Oduyoye has dismissed the call for new depositions, stating it lacks basis. He claimed that no amount of record would alter the fact that Dimon had no personal or professional relationship with Epstein.
Ongoing Legal Challenges against JPMorgan and Staley
JPMorgan is also defending against a lawsuit from the U.S. Virgin Islands, where Epstein allegedly victimized more people on his private island. In addition, the bank is suing Jes Staley, who served as CEO of Barclays from 2015 to 2021, to cover potential losses from both lawsuits. Staley is expected to sit for a deposition on Saturday.
The case, registered as Jane Doe 1 v JPMorgan Chase & Co in the U.S. District Court, Southern District of New York, holds case number 22-10019.
