“The crux of the plaintiffs’ complaints is that JPMorgan provided the ‘financial lifeblood’ of Epstein’s sex trafficking ring by providing access to limitless cash and helping Epstein evade detection by ignoring banking regulations,” read state court documents filed by Staley’s white shoe attorney Brendon V. Sullivan Jr.
“JPMorgan fails to allege how Mr. Staley, a lone bank employee who has no banking license and who is not alleged to have had control over Epstein’s accounts or a formal compliance role, contributed to injuries that are uniquely caused by a financial institution,” he added.
“And even if he did, (Jane) Doe’s allegations regarding the bank’s willful failure to follow regulations extends beyond 2013, when Mr. Staley was no longer working at the bank,” the court documents state. “There is no allegation that this conduct by JPMorgan was undertaken solely by (or even known to) Mr. Staley.”