JPMorgan Chase has reached a settlement with women who say they were abused by Jeffrey Epstein, the bank and the women said on June 12.

The parties said in a joint statement that they have notified a federal court in New York that they have “reached an agreement in principle” to settle the lawsuit filed in 2022 by the women that accused the bank of facilitating Epstein’s sex trafficking operation.

The settlement is subject to approval by U.S. District Judge Jed Rakoff, the Clinton appointee overseeing the case.

The specifics of the agreement were not disclosed.

A spokeswoman for JPMorgan Chase told The Epoch Times via email: “We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man.”

She added: “Any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.”

David Boies, a lawyer representing the women, told The Epoch Times in an email: “While the road to justice for the survivors of Jeffrey Epstein’s sex trafficking ring has been too long, and we are not yet at its end, the historic recovery from JP Morgan, individually and in combination with our earlier recovery from Deutsche Bank, is another important step in achieving the vindication, recognition, and compensation they deserve.”

This is a breaking story that will be updated.