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Jes Staley’s lawyer has explained “slanderous” allegations that he aided and abetted Jeffrey Epstein’s crimes as “baseless but serious”, right after the former government was sued by JPMorgan Chase, his erstwhile employer.
Brendan Sullivan, who is symbolizing Staley, requested a federal decide in New York for much more time to evaluate tens of 1000’s of paperwork relating to the situation, which was brought right after JPMorgan was sued by an alleged Epstein victim and the US Virgin Islands, wherever the disgraced financier had a dwelling. The law firm also asked for the scenario versus Staley to be severed from the two in opposition to the US financial institution.
“The allegations in opposition to him are slanderous, and the probable damages are astronomical,” Sullivan wrote, introducing that considering the fact that his shopper was accused of aiding “one of the most notorious criminals in new American history” the stakes “could rarely be higher”.
The move by Staley to sever his scenario from JPMorgan’s is the most recent salvo in a large-profile dispute around the bank’s selection to retain Epstein as a customer for 15 a long time, before dropping him in 2013.
JPMorgan has named the fits against it “meritless” and subsequently countersued Staley, who was at the bank for decades and for a period managed the marriage with Epstein. Its complaint alleged Staley withheld information about crimes he experienced witnessed at Epstein’s homes though staying associated in an internal overview of the late sexual intercourse offender’s account.
In a separate submitting, a law firm for the unnamed Epstein accuser echoed the ask for for the circumstance against Staley to be divided, proclaiming it was introduced by JPMorgan to “harass and intimidate” her and other folks by “seizing on [her] fear” of Staley, who she alleged experienced also abused her.
Staley would now have entry to the victim’s “intimate communications,” the lawyer claimed, as properly as personal health care documents, and the impact of the suit would be to “force Staley back again into her life”.
In his rebuttal of the accusations from JPMorgan and the Epstein accuser, Staley’s law firm mentioned “disproving these phony and really-publicised allegations is of paramount great importance to him”, introducing that “this court’s scheduling rulings have severely prejudiced [Staley’s] ability to do so”.
He requested the Oct trial date — which Jed Rakoff, the decide overseeing the situation, stated last month would acquire “an act of God” to move — be rescheduled for March 2024.
In a statement, JPMorgan said it manufactured “no sense” to separate Stalely’s circumstance from the other people, to which he is “inextricably linked”.
“Jane Doe herself has instantly accused him of horrific sexual misconduct and, if correct, he need to be held accountable,” it stated.
Legal professionals for Staley did not straight away return a ask for for comment.
Last thirty day period, Rakoff declined to dismiss allegations that JPMorgan benefited from Epstein’s trafficking by ignoring inside warnings right after he was arrested for solicitation of a small in Florida in 2006.
In its countersuit from Staley, JPMorgan has asked the court to make the previous govt liable for any damages that could be awarded versus it, as properly as to claw back again tens of tens of millions of bucks in his pay out.
Staley, who has denied wrongdoing, is set to be questioned beneath oath by the bank’s lawyers afterwards this thirty day period.
Separately, lawyers for JPMorgan subpoenaed Confident Expenditure Management, previously recognised as BlueMountain Money, where by Staley worked immediately after leaving JPMorgan and right before getting to be chief executive of British bank Barclays, according to a individual common with the issue on Thursday.
The existence of the subpoena was 1st described by Bloomberg.
The 66-12 months-aged American joined BlueMountain as a taking care of husband or wife in 2013. He still left BlueMountain significantly less than two yrs afterwards to turn into chief executive of Barclays in 2015, but resigned following 6 a long time following a regulatory investigation in the British isles into the way he characterised his romantic relationship with Epstein.
Certain Investment Management did not quickly reply to a request for remark.
Further reporting by Ortenca Aliaj and Antoine Gara in New York
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