Jeffrey Epstein's Estate Reaches $35 Million Settlement in Class Action Lawsuit

The estate of the deceased Jeffrey Epstein has reached an agreement to pay up to $35 million to settle a class action lawsuit. This lawsuit accused two advisors of the disgraced financier of assisting in his trafficking of underage women and girls, as per a Thursday court record.

The law firm Boies Schiller Flexner, which is representing Epstein's victims, announced the settlement in a federal court filing in Manhattan.

If the judge approves the agreement, it will conclude a lawsuit initiated in 2024 against Epstein’s former personal attorney, Darren Indyke, and his former accountant, Richard Kahn, both of whom are executors of Epstein's estate.

Previously, Epstein’s estate established a restitution fund that disbursed $121 million to victims, in addition to providing $49 million in other settlements.

As stated by their attorney, Daniel H. Weiner, neither Indyke nor Kahn have admitted to any wrongdoing as part of the settlement disclosed on Thursday.

Weiner expressed, "Because they did nothing wrong, the co-executors were ready to contest the accusations through to a trial. However, they agreed to mediation and settled this lawsuit to bring closure concerning any possible claims against the Epstein Estate."

Furthermore, Weiner noted that the settlement will offer a "confidential avenue for financial relief" to victims of Epstein who have not yet resolved their claims against the estate.

Epstein was found dead in a New York jail in August 2019, with his death classified as a suicide.

In the 2024 litigation, lawyers from Boies Schiller Flexner contended that Indyke and Kahn aided Epstein in constructing a complex network of companies and bank accounts, enabling him to disguise his abuses and compensate both victims and recruiters while ensuring they were "richly compensated" for their roles.

Previously, the Boies firm helped secure $365 million in settlements from JPMorgan Chase and Deutsche Bank, alleging the banks overlooked warning signs concerning Epstein, who had once been a prominent client.