Judge Grants Preliminary Approval To JPMorgan Chase's $290M Settlement With Epstein Accusers
Portfolio Pulse from Bill Haddad
A judge has granted preliminary approval to JPMorgan Chase's $290 million settlement with accusers in the Jeffrey Epstein case. The bank faced allegations of turning a blind eye to Epstein's illegal activities.
June 26, 2023 | 9:54 pm
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JPMorgan Chase receives preliminary approval for a $290 million settlement with Epstein accusers, potentially resolving allegations of ignoring Epstein's illegal activities.
The settlement is likely to have a short-term negative impact on JPMorgan Chase's stock price as it represents a significant financial cost to the company and highlights corporate responsibility issues. However, the preliminary approval may also signal a resolution to the legal issue, which could limit the downside.
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