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JP Morgan agrees to pay $290m to settle lawsuit brought by Jeffrey Epstein victims

JP Morgan has agreed to pay roughly $290m (£232m) to settle a lawsuit brought on behalf of alleged victims of convicted sex offender Jeffrey Epstein.
Attorneys for the bank said it was “in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse”. The lawsuit had alleged the largest US bank ignored warning signs about its client during a 15-year relationship.
The agreement is subject to court approval.
JPMorgan Chase will not admit liability in the case, but upon the settlement’s approval the bank will put out a statement regretting its association with Epstein, David Boies, one of the victims’ attorneys, told CNN. “We all now understand that Epstein’s behaviour was monstrous,” lawyers for the bank said in a statement on Monday. “Any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.”
The settlement follows weeks of embarrassing revelations about the extent of JP Morgan’s relationship with the late financier.
Late last month, long-time chief executive Jamie Dimon provided a formal statement under oath for the case, in what turned out to be a day-long deposition from the bank’s headquarters in New York. Lawyers representing the unnamed accuser who filed the suit – identified only as Jane Doe 1 – asked a federal judge on Friday to allow them to take new testimony from Dimon. They also asked to reopen depositions for three other key witnesses in the case.
Another lawsuit filed against the bank late last year in federal court is still pending. That case was brought on behalf of the government of the US Virgin Islands, where Epstein owned a private island with a mansion. The financier kept hundreds of millions of dollars in more than 50 accounts at JP Morgan between 1998 and 2013, five years after he pleaded guilty to soliciting a minor for prostitution.
He was found dead at the age of 66 in a prison cell in 2019. New York City’s medical examiner ruled the death a suicide.
The Jane Doe 1 lawsuit said that JP Morgan “knowingly facilitated, sustained and concealed” the frequent cash withdrawals Epstein made to pay the young women he trafficked, while profiting from the deals and clients that the financier brought in.
The bank, which earlier failed to dismiss the dual suits, has countered that any civil liability should rest with Jes Staley, a former top executive who befriended Epstein. Staley has said his former employer is trying to “deflect blame” for its own failures and sought to dismiss the claims, but the complaint against him remains active.
Last month, Deutsche Bank, where Epstein was a client after he left JP Morgan in 2013, settled for $75m with Epstein accusers.
To date, the Epstein estate has paid out more than $150m to more than 100 of his victims.
(BBC)
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SLNS Samudura departs to participate in IMDEX Asia 2025 in Singapore

SLNS Samudura on 27 Apr 25 set sail from the Port of Colombo to Changi, Singapore to join the International Maritime Defence Exhibition (IMDEX) Asia 2025, Asia Pacific’s leading naval and maritime defence event.
The vessel was ceremoniously sent off from Colombo, following traditional naval customs.
IMDEX Asia 2025 is set to take place from 05 to 08 May 25 featuring cutting-edge advancements in naval technology and the event will conclude with a special warship display.
The 9th International Maritime Security Conference (IMSC) will take place alongside the exhibition, featuring high-level discussions on evolving maritime security challenges in an era of geopolitical uncertainties.
Naval forces and maritime representatives from multiple nations are set to take part in the upcoming IMDEX Asia 2025 and IMSC. Taking part in this nature of naval and maritime defence events would open new avenues to the Sri Lanka Navy to build inter-operability with regional and extra-regional partners, exchange best practices and procedures in maritime operations and identify new challenges in maritime domain.
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Conclave to elect new pope to begin on 7 May, Vatican says

Cardinals will meet next month in a secret conclave to elect the next pope, the Vatican has said.
The closed-door meeting will start inside the Sistine Chapel on 7 May and will involve some 135 cardinals from across the world.
It follows the death of Pope Francis who died at the age of 88 on Easter Monday and whose funeral was held on Saturday.
There is no timescale as to how long it will take to elect the next pope, but the previous two conclaves, held in 2005 and 2013, lasted just two days.
Vatican spokesman Matteo Bruni said cardinals will take part in a solemn mass at St Peter’s Basilica, after which those eligible to vote will gather in the Sistine Chapel for the secretive ballot.
Once they enter the Sistine Chapel, cardinals must have no communication with the outside world until a new Pope is elected.
There is only one round of voting on the first afternoon of the conclave, but the cardinals will vote up to four times every day afterwards.
A new pope requires a two-thirds majority – and that can take time.
Each cardinal casts his vote on a simple card that says, in Latin: “I elect as Supreme Pontiff” to which they add the name of their chosen candidate.
If the conclave completes its third day without reaching a decision, the cardinals may pause for a day of prayer.
Outside the Sistine Chapel the world will be watching for the smoke from the chimney.
If the smoke is black, there will be another round of voting. White smoke signals that a new pope has been chosen.
[BBC]
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Taijul takes five as Zimbabwe collapse after bright start to second Test

Taijul Islam sparked Zimbabwe’s batting collapse on the first day of the second Test between Bangladesh and Zimbabwe, in Chattogram. He took the 16th five-wicket haul of his career, finishing the day with 5 for 60. The visitors were steadily batting at 200 for 4 at one stage, before Taijul got into the act with three quick wickets and a run-out. Zimbabwe eventually finished day one on 227 for 9, a far cry from how positively they had started their innings.
Sean Williams top-scored with 67, while Nick Welch got 54, before cramps on his hands forced him off the field shortly after tea. Welch was Taijul’s fifth wicket. Meanwhile, Nayeem Hasan picked up two wickets, and debutant Tanzim Hasan took one.
Zimbabwe began brightly, with Brian Bennett striking five boundaries in the first ten overs. He was lucky with the first one, but it was followed by a scrumptious straight drive, and his trademark cover drive. But once again, Bennett got caught behind trying to drive on the up to give Tanzim his first Test wicket.
Bangladesh could have had their second in a short span, but Shadman Islam dropped a sitter to give Welch a life in the 14th over. At that time, Welch was on 1. Shortly afterwards, Ben Curran and Welch went on a six-hitting spree. Curran slammed Mehidy Hasan Miraz over midwicket before Welch stunned Tanzim with a pull that produced a sweet sound off the bat. Welch followed it up with a slog-swept six against Mehidy in the following over.
Taijul removed Curran shortly afterwards, getting him to inside edge the ball on to his leg stump for 21 off 50 balls. But Zimbabwe consolidated by not losing a single wicket in the second session. Welch, who had struck a few boundaries in the morning, was more circumspect in the afternoon, adding just 22 runs in 77 balls after lunch. Williams, though, dominated their third-wicket partnership, hitting six fours during this time at the crease.
Williams struck the ball sweetly through the covers for two boundaries, apart from two more through point, and on the leg side each. His only six came against Mehidy, as he skipped down the wicket to deposit him over long-on.
Williams and Welch got into a mix-up once in the 33rd over, but Bangladesh messed up the chance with poor communication among themselves. First, the point fielder threw at the wrong end. Wicketkeeper Jaker Ali, to whom the throw went, in turn threw poorly towards the non-striker’s end while Williams struggled to get back. Zimbabwe’s only worry towards the end of the second session was Williams and Welch both suffering cramps. Williams needed attention on his calf and hamstring, while Welch’s hands were cramping up.
Welch, however, didn’t last long after tea, when he walked off with cramps after just playing one ball. Nayeem then got into the act, removing the Zimbabwe captain Craig Ervine for 5. Williams was next to go, Tanzim taking the catch brilliantly at backward square leg. He struck a six and seven fours in his patient 67 off 166 balls.
Bangladesh conceded just 18 runs in the first 16 overs of the final session, before Wessly Madhevere struck a couple of boundaries against Nayeem. Taijul, however, removed Madhevere with a beautiful delivery that spun slightly away, and dismissed him for 15.
Taijul continued Zimbabwe’s collapse with the wickets of Wellington Masakadza and Richard Ngarava in the first over with the second new ball. Tafadzwa Tsiga was run-out after falling way short of the crease at the non-striker’s end, before Welch returned to the crease to continue his innings. It didn’t last long, though, as Taijul bowled him to complete his five-for.
Brief scores:
Zimbabwe 227 for 9 in 90 overs (Brian Bennett 21, Ben Curran 21, Sean Williams 67, Nick Welch 54, Taijul Islam 5-60, Nayem Hasan 2-42) vs Bangladesh
[Cricinfo]
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