Michael Tracey

Yeah, I mean, they first started making a much more accusatory argument about their direct complicity in facilitating a sex trafficking operation.

Yeah, I mean, they first started making a much more accusatory argument about their direct complicity in facilitating a sex trafficking operation.

But what the judge ultimately agreed to was to that...

But what the judge ultimately agreed to was to that...

they were reasonably guilty or reasonably to be found liable for essentially negligence because Epstein would withdraw cash

they were reasonably guilty or reasonably to be found liable for essentially negligence because Epstein would withdraw cash

And that's supposed to trigger certain monitoring provisions that it was claimed JP Morgan and Deutsche Bank did not satisfactorily do.

And that's supposed to trigger certain monitoring provisions that it was claimed JP Morgan and Deutsche Bank did not satisfactorily do.

I mean, it was kind of like a stretch of an argument, frankly.

I mean, it was kind of like a stretch of an argument, frankly.

But because of the popular climate around, oh, anybody who was involved in this in any way has to pay for all this pedophilic sex trafficking, there wasn't a whole lot really that the lawyers for those banking institutions could do to take the heat off.

But because of the popular climate around, oh, anybody who was involved in this in any way has to pay for all this pedophilic sex trafficking, there wasn't a whole lot really that the lawyers for those banking institutions could do to take the heat off.

So there are two more settlement funds.

So there are two more settlement funds.

So JP Morgan ended up totaling around $290 million.

So JP Morgan ended up totaling around $290 million.

And the lawyers end up convincing the judge who presided over this agreement in New York, the federal judge, Rakoff, to grant them 30% in legal fees or attorney's fees that they claimed.

And the lawyers end up convincing the judge who presided over this agreement in New York, the federal judge, Rakoff, to grant them 30% in legal fees or attorney's fees that they claimed.

And Deutsche Bank was around $90 million or $80 million maybe.

And Deutsche Bank was around $90 million or $80 million maybe.