Jes Staley, former CEO of Barclays
Justin Solomon | CNBC
a federation Judge rejected his predecessor’s bid on wednesday JPMorgan manager Jess Staley Dismiss the lawsuit bank Tried to hold him legally responsible for ex-JPMorgan client’s sex trafficking Jeffrey Epstein.
The Manhattan U.S. District Court ruling comes two days before JPMorgan CEO Jamie Dimon is scheduled to be ousted government America’s The Virgin Islands and an Epstein accuser, alleging the bank’s ties to the late predator.
In a lawsuit filed in December, the Virgin Islands allege that JPMorgan helped Epstein traffic young women to his private island on U.S. soil, where he and others there profited from sexually abusing them.
Epstein was a client of the bank from 1998 to 2013.
In March, JPMorgan filed a so-called third-party complaint against Staley as part of its legal response to the Virgin Islands lawsuit and a similar suit by the Doe plaintiffs.
The suit argues that if the Virgin Islands proves its allegations, “Staley is liable solely to USVI, or to all sums, if any, awarded by JPMC to USVI and JPMC at trial.” The suit also seeks to recover Staley’s Over 30 years in the bank’s payout of more than $80 million.
Staley, who was a key contact at Epstein Bank, asked Judge Jed Lakoff last month to dismiss JPMorgan’s complaint against him.
Rakoff denied “Staley’s sweeping motion” in a brief order.
“An opinion explaining the reasons behind this ruling will be issued in due course,” the judge wrote.
A lawyer for Staley did not immediately respond to a request for comment.
Staley has denied knowing about Epstein’s sex trafficking.
he served as barclays bank From 2015 to the end of 2021, when he quit After Britain’s financial watchdog investigated his ties to Epstein.
Epstein committed suicide in a Manhattan prison in August 2019, weeks after he was arrested on federal child sex trafficking charges.