The estate of disgraced financier Jeffrey Epstein has agreed to pay up to $35 million to settle outstanding civil claims filed by dozens of alleged victims, according to a proposed court ruling submitted Thursday.
The settlement covers women who say they were subjected to sexual abuse, exploitation, or trafficking by Epstein between January 1, 1995, and August 10, 2019 — the date he died by suicide in a New York jail while awaiting trial on federal sex trafficking charges.
Under the proposed agreement, the estate will pay $35 million if 40 or more eligible claimants participate. If fewer than 40 women qualify, the total payout will be reduced to $25 million.
The settlement will be administered by Epstein’s former attorney, Darren Indyke, and his longtime accountant, Richard Kahn. Both men have denied any wrongdoing related to their association with Epstein and have not been charged with criminal offenses.
The court filing states that the agreement does not constitute an admission of liability by the estate’s executors and does not shield them from other potential legal actions. A federal judge in New York must approve the settlement before it becomes final.
The law firm Boies Schiller Flexner LLP, which represents a group of alleged victims, did not immediately comment on the number of women involved in the claims.
According to Bloomberg News, at least 40 alleged victims may still have unresolved claims against the Epstein estate. Daniel H. Weiner, an attorney representing the estate’s executors, did not immediately respond to requests for comment.
The settlement follows the recent release of millions of documents, photographs, and videos by the US Department of Justice related to the Epstein investigation.
Epstein maintained a global network of influential politicians, business leaders, academics, and celebrities, many of whom faced reputational damage due to their associations with him.
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