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Women who have accused Jeffrey Epstein of sexual abuse filed lawsuits against Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N) on Thursday, alleging the banks financially benefited from the late financier's alleged sex trafficking operations.
The women, who were not identified in the court filings, cite U.S. federal anti-sex trafficking laws and are seeking class action status, according to two separate lawsuits filed in the U.S. District Court for the Southern District of New York.
"We believe this claim lacks merit and will present our arguments in court," Deutsche Bank said in a statement.
Representatives for JPMorgan declined to comment on the lawsuit, first reported by the Wall Street Journal.
Epstein killed himself in his cell at the Metropolitan Correctional Center on Aug. 10, 2019, while awaiting trial on sex trafficking charges. His longtime associate, British socialite Ghislaine Maxwell, was sentenced to 20 years in prison for helping to recruit and groom underage girls over the course of at least a decade, filing an appeal in July.
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