Epstein estate settles for $50m in victim class action

Jeffrey Epstein in court in 2008
Two advisers of Jeffrey Epstein have settled a lawsuit but have not admitted wrongdoing. -AP

Jeffrey Epstein's estate has agreed to pay as much as $US35 million ($A50 million) to resolve a class action lawsuit that accused ‌two of the disgraced financier's advisers of aiding and abetting his sex trafficking of young ‌women and teenage girls.

Boies Schiller Flexner, a ‌law firm representing Epstein victims, announced the settlement on Thursday in a brief filed in federal court in Manhattan.

The deal, if approved by a judge, would bring an end to a 2024 lawsuit filed against Epstein's former personal lawyer Darren Indyke and former accountant Richard ‌Kahn, who are co-executors ‌of Epstein's ⁠estate.

Epstein's estate previously set up a restitution fund that paid ​out $US121 million to victims.

The estate also paid out $US49 million in additional settlements to victims.

Neither Indyke nor Kahn "made any admission or concession of misconduct" as part of the settlement made public on Thursday, their lawyer Daniel H Weiner said in an emailed statement.

"Because ⁠they did nothing wrong, the co-executors were prepared ‌to ​fight the claims against them through to trial, but agreed to mediate and settle ​this lawsuit ‌in order to achieve finality as to any potential claims against the Epstein ​estate," Weiner said.

Weiner said the settlement would provide "a confidential avenue for financial relief" for Epstein victims who have not already resolved claims against the estate.

Epstein died ​in ​a New York jail in ​August 2019.

His death was ruled a suicide.

In ‌the 2024 lawsuit, lawyers at Boies Schiller Flexner said Indyke and Kahn helped Epstein create a complex web of corporations and bank accounts that let him hide his abuses and pay victims and recruiters, while leaving them "richly compensated" for their work.

The Boies law ​firm previously helped obtain $US365 million of settlements with JPMorgan Chase and Deutsche Bank ​after accusing them of missing ⁠red flags about Epstein, once a lucrative client.

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