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JPMorgan resists attempts to depose Jamie Dimon in Epstein lawsuits

JPMorgan Chase is resisting makes an attempt by legal professionals to query Jamie Dimon underneath oath in litigation over the US financial institution’s determination to retain Jeffrey Epstein as a consumer for 15 years, though it has agreed for one in all its longtime chief govt’s key lieutenants to be deposed.

In paperwork filed to a New York court docket on Tuesday, legal professionals for the lender — which faces associated lawsuits from an Epstein sufferer and the US Virgin Islands, the place the late intercourse offender had a house — stated they didn’t imagine Dimon was an “applicable deponent”.

Legal professionals for JPMorgan did conform to discover a date in March for a deposition of Mary Erdoes, the top of JPMorgan’s asset and wealth administration division, the place Epstein was a consumer. Erdoes stays one of many financial institution’s high executives.

In addition they agreed to discover a date for legal professionals to interview Mary Casey, one other non-public banker at JPMorgan within the interval earlier than the lender ultimately dropped Epstein as a consumer in 2013.

The developments are available in two fast-moving civil circumstances that allege JPMorgan knowingly facilitated Epstein’s pay-offs to victims and accomplices who helped him recruit younger ladies.

Simply days earlier, legal professionals for each plaintiffs requested the court docket to compel JPMorgan to handover extra paperwork detailing Dimon’s communications, alleging that he performed a task in deciding to maintain banking Epstein regardless of quite a few inside crimson flags about human trafficking.

An inside electronic mail cited by the US Virgin Island’s criticism earlier this month reads: “I might rely Epstein’s property as a possible outflow for ’08 ($120mn or so?) as I can’t think about it can keep (pending Dimon assessment).”

Final week, JPMorgan stated: “We now have discovered no proof of, nor does [Dimon] recall, such a assessment.”

In its response filed to the court docket on Tuesday, JPMorgan claimed Dimon was “not related” to the Virgin Islands’ case and added “he was not concerned in any choices relating to Epstein’s account”.

It stated increasing the vary of communications the financial institution was required handy over “would enhance the variety of paperwork captured” by search phrases “from no less than 364,000 to no less than 694,000”.

The filings on Tuesday additionally contained claims from legal professionals for the US Virgin Islands that Jes Staley, the previous JPMorgan govt who went on to steer UK financial institution Barclays, was personally concerned within the determination to maintain Epstein on as a consumer in 2008, even after Epstein was arrested for soliciting a minor in Florida.

The legal professionals cited an inside JPMorgan change wherein it was famous: “Jes Staley conferred with [then JPMorgan general counsel] Stephen Cutler and the choice was made to maintain him . . . as a [private banking] consumer.”

They added Cutler “additionally was included in no less than one fast response assembly associated to new info relating to Epstein’s human trafficking”.

Inside emails famous Epstein “would require re-approval by Steve Cutler whether it is decided that the connection shall be retained”, in line with an change cited in court docket filings.

JPMorgan declined to remark. Cutler and a lawyer for Jes Staley didn’t reply to a request for remark.