Estate Reaches Proposed 35 Million Dollar Deal
The estate of disgraced financier Jeffrey Epstein has agreed to a settlement worth up to 35 million dollars to resolve a class action lawsuit filed by victims. The agreement was revealed in a federal court filing in Manhattan on Thursday.
The lawsuit accused two longtime advisers of helping facilitate Epstein’s sex trafficking of young women and teenage girls. If a judge approves the agreement, it will officially close the 2024 case brought against Epstein’s former personal attorney, Darren Indyke, and his longtime accountant, Richard Kahn. Both men served as co executors of the estate.
The law firm representing the victims, Boies Schiller Flexner, announced the settlement in court documents.
Claims Against the Co Executors
According to the 2024 complaint, Indyke and Kahn allegedly helped Epstein build a complicated network of companies and bank accounts. Victims’ lawyers argued that this structure allowed him to conceal his abuse, move money quietly, and continue paying victims and recruiters.
The lawsuit also claimed that the advisers were well compensated for their roles while Epstein’s trafficking operations continued.
However, the co executors denied any wrongdoing. Their attorney, Daniel H. Weiner, said neither Indyke nor Kahn admitted to any misconduct as part of the settlement. He added that they believed they had strong defenses but agreed to resolve the case to bring closure and avoid prolonged litigation.
Weiner described the settlement as offering a confidential path for financial compensation to victims who have not yet settled claims with the estate.
Previous Victim Compensation
This is not the first time Epstein’s estate has paid compensation. A restitution program previously distributed 121 million dollars to survivors. In addition, another 49 million dollars was paid through separate settlements.
The same law firm previously secured 365 million dollars in settlements from JPMorgan Chase and Deutsche Bank. The banks were accused of overlooking warning signs about Epstein while he was a profitable client.
Background on Epstein’s Death
Epstein died in a New York jail in August 2019 while awaiting trial on federal sex trafficking charges. Authorities ruled his death a suicide.
The newly proposed settlement marks another major financial resolution tied to the long running legal fallout surrounding his crimes.
