Bank of America-Epstein Victims Deal Gets Preliminary Nod

A federal judge gave preliminary approval for Bank of America Corp.’s $72.5 million settlement of a lawsuit with a group of Jeffrey Epstein victims who had accused the bank of aiding the disgraced financier’s sex trafficking.

US District Judge Jed Rakoff made the decision Thursday following a hearing in New York federal court. Victims will have the opportunity to object at a final hearing scheduled for Aug. 27. David Boies, a lawyer for a woman who filed the class-action suit, said 60 to 75 people would be eligible to share the payout.