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Jane Doe v. Bank of America

Bank of America, N.A. · Case 1:23-cv-08934
U.S. District Court, Southern District of New York
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Settlement Fund
$72.5M
$72,500,000.00 total
Attorney Fees
$21.8M
30.0% of fund
Per Member Payout
$67,666.67
750 class members
Bank of America settled for $72.5M with survivors of Jeffrey Epstein for aiding and abetting his trafficking. The plaintiffs’ counsel seeks $21.75M in fees (30%) — a percentage typically reserved for large anonymous classes where attorney effort is high. With only ~60-75 identified survivors, the class is small and well-defined. Judge Rakoff has already questioned the fee request at preliminary approval. Final fairness hearing is August 27, 2026.

Fairness Assessment

2.5
Unfair

Red Flags

30% fee request ($21.75M) on small identifiable class (~60-75 victims)
Judge Jed Rakoff already signaled skepticism about fee reasonableness
Fee percentage at statutory threshold despite small class
Class members are identifiable survivors — should have leverage for better terms
⏰ 32 days left
Objection deadline: July 20, 2026
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