Lucas Jackson via Reuters
JPMorgan is throwing its former chief executive Jes Staley under the bus as the bank faces legal battles over its relationship with Jeffrey Epstein, a new court filing reveals.
In November, a victim known as Jane Doe filed a class-action lawsuit against JPMorgan Chase (JPMC) which alleged the bank profited off Epstein’s sex ring and argued that “Staley was the key to making all of Epstein’s depraved dreams of sexual abuse and sex trafficking of countless young women possible.” (The government of the U.S. Virgin Islands filed a similar suit against JPMorgan a month later, claiming it “turned a blind eye” to Epstein’s activities. Staley was not named as a defendant in either complaint.)
Now, JPMorgan has filed a third-party complaint against Staley, arguing that the 66-year-old disgraced banking honcho should be “solely liable” if Doe wins her case.