“The crux of the plaintiffs’ complaints is that JPMorgan offered the ‘monetary lifeblood’ of Epstein’s intercourse trafficking ring by offering entry to limitless money and serving to Epstein evade detection by ignoring banking rules,” learn state courtroom paperwork filed by Staley’s white shoe legal professional Brendon V. Sullivan Jr.
“JPMorgan fails to allege how Mr. Staley, a lone financial institution worker who has no banking license and who is just not alleged to have had management over Epstein’s accounts or a proper compliance position, contributed to accidents which are uniquely brought on by a monetary establishment,” he added.
“And even when he did, (Jane) Doe’s allegations concerning the financial institution’s willful failure to comply with rules extends past 2013, when Mr. Staley was not working on the financial institution,” the courtroom paperwork state. “There isn’t a allegation that this conduct by JPMorgan was undertaken solely by (and even identified to) Mr. Staley.”