May 26, 2023
JPMorgan Subpoenaed Sexual Assault Report Against Jes Staley
(Bloomberg) -- JPMorgan Chase & Co. subpoenaed documents from the Manhattan district attorney’s office about a possible complaint of sexual assault made against former executive Jes Staley, according to a court filing.
A federal judge on Friday ordered District Attorney Alvin Bragg’s office to turn over records to JPMorgan as part of a lawsuit by a Jeffrey Epstein victim identified only as Jane Doe that accuses the bank of knowingly benefiting from its ties to the disgraced financier. JPMorgan is suing Staley to cover its liability in the case.
In his order, US District Judge Jed Rakoff said JPMorgan’s March 7 subpoena sought records of statements Doe made to Assistant District Attorney Vanessa Puzio, deputy head of the office’s sex crimes unit, on August 10, 2022. The subpoena also asked for any records identifying Staley as an “alleged witness or alleged perpetrator” of sexual assault.
It’s not clear if there is an active investigation of Staley. The Manhattan district attorney’s office declined to comment on Friday. Staley’s lawyer, Brendan Sullivan, didn’t immediately respond to a request for comment.
The district attorney’s office had objected to JPMorgan’s subpoena, claiming the statements were privileged and shouldn’t be released. But after a “full review” of the documents, Judge Rakoff said privilege didn’t apply and ordered the material to be released to JPMorgan on a confidential basis.
In its third-party complaint against Staley, JPMorgan said it believed Staley had committed a sexual assault Doe described in her suit against the bank but only attributed to a “powerful financial executive.” Doe later confirmed she was referring to Staley but accused JPMorgan of raising the issue in order to engage in intrusive discovery.
Staley has denied the assault allegation and any knowledge of Epstein’s sex crimes.
Doe’s proposed class action against JPMorgan doesn’t name Staley as a defendant but accuses him of knowing about Epstein’s sex crimes. She argues that Staley’s knowledge should be imputed to the bank, where he was formerly head of private banking.
Rakoff’s order comes the same day that JPMorgan Chief Executive Officer Jamie Dimon is sitting for a deposition in Doe’s suit and another one filed by the US Virgin Islands. Epstein owned a villa on a private island in the territory and took a number of sex-trafficking victims there.
A class certification hearing is also scheduled for Doe’s case in federal court in Manhattan on Friday. Doe also filed a lawsuit against Deutsche Bank, which retained Epstein as a client after JPMorgan cut ties with him in 2013. The German bank agreed in May to pay $75 million to settle the claims.
The cases are Jane Doe 1 v. JPMorgan Chase Bank, 22-cv-10019 and USVI v. JPMorgan Chase Bank, 22-cv-10904-UA, US District Court, Southern District of New York (Manhattan).
--With assistance from Patricia Hurtado.
(Updates with background, detail from judge’s order, DA’s office declining to comment.)
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