Epstein estate agrees to $44 million settlement in victim class action
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Documents from sex offender Jeffrey Epstein included redacted photos, seen in an image released by the US Justice Department in 2025. His estate had set up a restitution fund for victims.
PHOTO: REUTERS
Jeffrey Epstein’s estate has agreed to pay as much as US$35 million (S$44.4 million) to resolve a class action lawsuit that accused two of the disgraced financier’s advisers of aiding and abetting his sex trafficking of young women and teenage girls
Boies Schiller Flexner, a law firm representing Epstein victims, announced the settlement in a brief filed in federal court in Manhattan.
The deal, if approved by a judge, would bring an end to a 2024 lawsuit filed against Epstein’s former personal lawyer Darren Indyke and former accountant Richard Kahn, who are co-executors of Epstein’s estate.
Epstein’s estate previously set up a restitution fund that paid out US$121 million to victims.
The estate also paid out US$49 million in additional settlements to victims.
Neither Mr Indyke nor Mr Kahn “made any admission or concession of misconduct” as part of the settlement made public on Feb 19, their lawyer Daniel Weiner said in an e-mailed statement.
“Because they did nothing wrong, the co-executors were prepared to fight the claims against them through to trial, but agreed to mediate and settle this lawsuit in order to achieve finality as to any potential claims against the Epstein estate,” Mr Weiner said.
He said the settlement would provide “a confidential avenue for financial relief” for Epstein victims who have not already resolved claims against the estate.
Epstein died in a New York jail in August 2019. His death was ruled a suicide.
In the 2024 lawsuit, lawyers at Boies Schiller Flexner said Mr Indyke and Mr Kahn helped Epstein create a complex web of corporations and bank accounts that let him hide his abuses, and pay victims and recruiters, while leaving them “richly compensated” for their work.
The Boies law firm previously helped obtain US$365 million of settlements with JPMorgan Chase
