Jeffrey Epstein's executors have proposed an out-of-court settlement of at least $25 million to end a class-action lawsuit brought by alleged victims of the American financier, who died in prison in August 2019. The draft agreement, made public Thursday, still needs to be approved by a federal judge in New York.
Darren Indyke and Richard Kahn, respectively Epstein's former personal lawyer and former accountant, are named in the lawsuit filed in 2024. They are accused of facilitating and concealing the sexual predator's illegal activities, charges they deny. The lawsuit specifies that no admission of guilt is included in the settlement.
A budget that varies according to the number of eligible victims
Under the proposed terms, the estate would pay $25 million if fewer than 40 victims are deemed eligible for the settlement. The amount would increase to $35 million if more than 40 people meet the criteria.
The beneficiaries must waive any further legal action against the estate and must not have already received compensation through another settlement, including that of the Epstein Victims Compensation Fund. After the financier's death, his estate was valued at approximately $600 million, before decreasing following other legal settlements.
