A U.S. judge said on Monday JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) must face lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking.
The decision by U.S. District Judge Jed Rakoff in Manhattan could expose the banks to additional financial and reputational damage for keeping Epstein as a client, even after the late financier registered as a sex offender.
In a six-paragraph order, Rakoff said JPMorgan must face a lawsuit by the U.S. Virgin Islands accusing it of missing red flags about Epstein's abuse of women on Little St. James, a private island he owned there.
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