Jeffrey Epstein’s estate has agreed to pay up to $35 million to resolve a class action lawsuit alleging that two of his long-time advisers aided and abetted his sex trafficking activities, according to a court filing in Manhattan federal court.
The settlement, announced by law firm Boies Schiller Flexner, would end a 2024 lawsuit brought against Epstein’s former personal lawyer Darren Indyke and former accountant Richard Kahn, who serve as co-executors of the estate. The plaintiffs alleged that the advisers helped Epstein construct a complex network of corporations and bank accounts that enabled him to conceal abuses and compensate victims and recruiters, while receiving significant compensation themselves.
Under the proposed agreement, which requires judicial approval, neither Indyke nor Kahn has made any admission or concession of misconduct. Their lawyer, Daniel H. Weiner, said the co-executors had been prepared to contest the claims at trial but chose to mediate and settle to achieve finality regarding potential claims against the estate. He added that the settlement would provide a confidential avenue for financial relief to victims who had not already resolved claims.
The estate previously established a restitution fund that distributed $121 million to victims and paid an additional $49 million in separate settlements. Epstein died in a New York jail in August 2019, with his death ruled a suicide. The current agreement would represent a further substantial disbursement linked to claims arising from his conduct.
Boies Schiller Flexner has also secured $365 million in settlements from JPMorgan Chase and Deutsche Bank in related litigation alleging that the banks failed to detect red flags while providing services to Epstein. The proposed class action resolution now awaits court approval, which will determine the final structure and distribution of the settlement funds.
