Jes Staley, former CEO of Barclays
Justin Solomon | CNBC
a federation Judge rejected his predecessor’s bid on wednesday JPMorgan manager Jess Staley Dismiss bank’s lawsuit holding him legally responsible for the sex trafficking of ex-JPMorgan client Jeffrey Epstein.
The ruling in U.S. District Court in Manhattan comes two days after JPMorgan Chase & Co Chief Executive Jamie Dimon will be charged in a lawsuit brought by the U.S. Virgin Islands government and an Epstein accuser over the bank’s ties to the late predator. dismissed.
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 allegation that “Staley is solely liable to USVI or to JPMC for all sums awarded to USVI and JPMC, if any, at trial.” The suit also seeks Recovered more than $80 million in settlements Staley received from the bank he worked for 30 years.
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.
Staley has denied knowing about Epstein’s sex trafficking.
he served as barclays bank From 2015 to the end of 2021, he resigned after the British financial regulator investigated his relationship with Epstein.