BofA to Pay $72.5 Million to Settle Epstein Victim Lawsuit

Bank of America Corp. agreed to pay $72.5 million to settle a lawsuit on behalf of Jeffrey Epstein victims claiming the bank aided in the late financier’s sex-trafficking.

The parties on Friday presented details of the previously announced settlement to US District Judge Jed Rakoff in Manhattan. Rakoff, who must approve the deal, put the case on hold on March 16, disclosing only that the parties had reached a “settlement in principle.”