Epstein’s Estate to Pay $35 Million Settlement in Class Action Lawsuit

Jeffrey Epstein’s estate has reached an agreement to pay up to $35 million to settle a class action lawsuit alleging that two of the disgraced financier’s advisors facilitated his sex trafficking of young women and girls. Boies Schiller Flexner, the law firm representing Epstein’s victims, disclosed the settlement in a court filing on Thursday in federal court in Manhattan.

The settlement, which is subject to judicial approval, would bring to a close a lawsuit initially brought in 2024 against Epstein’s former personal lawyer Darren Indyke and former accountant Richard Kahn, who serve as co-executors of Epstein’s estate. Prior to this, Epstein’s estate had established a restitution fund that distributed $121 million to victims, along with an additional $49 million in settlements to victims.

According to attorney Daniel H. Weiner, who represents Indyke and Kahn, neither of the co-executors admitted to any wrongdoing as part of the settlement unveiled on Thursday. Weiner emphasized that his clients were prepared to contest the claims against them in court but opted for mediation and a settlement to bring closure to any potential claims against the Epstein Estate. He mentioned that the settlement would offer a confidential means for financial relief to Epstein’s victims who had not yet resolved their claims against the estate.

Epstein, who passed away in a New York prison in August 2019, had his death ruled as a suicide. The settlement agreed upon by the estate and the victims’ representatives aims to provide a resolution to the legal proceedings surrounding Epstein’s advisors’ involvement in his illicit activities. The path taken by both parties indicates a willingness to reach an agreement outside of a lengthy and contentious trial, ensuring a degree of closure for the victims seeking redress from the estate.