District judge Jed Rakoff approved the ‘very large’ amount in addition to a $75m payout agreement with Deutsche Bank

A US judge on Monday granted preliminary approval to JPMorgan Chase’s $290m settlement with women who said Jeffrey Epstein abused them and that the largest US bank ignored the late financier’s sex trafficking.

The approval was issued by US district judge Jed Rakoff at a hearing in Manhattan federal court.

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