Former JPMorgan Chase & Co. executive Jes Staley is scheduled to be deposed starting June 10 in litigation over the bank’s ties to Jeffrey Epstein, according to people familiar with the matter.
JPMorgan is facing two lawsuits, one by an unidentified Epstein victim and another by the US Virgin Islands, accusing the bank of knowingly benefiting from Epstein’s sex-trafficking. Staley is not a defendant in either of those suits, but both plaintiffs accuse him of knowing about Epstein’s conduct while employed at JPMorgan as private banking head.
Staley is being sued by JPMorgan though, which claims he misled the bank by vouching for Epstein when bank executives were deciding whether to retain him as a client. Staley, who later became Barclays Plc chief executive officer but stepped down in 2021 over his relationship with Epstein, has denied the bank’s allegations.
Lawyers for the Epstein victim, USVI and JPMorgan will all participate in questioning Staley, who has been asked to set aside two days for testimony. His deposition was originally scheduled for March but was postponed.
Staley’s former boss at JPMorgan, Jamie Dimon, sat for a deposition on May 26. A transcript of his testimony was released on Wednesday.
Read More: Dimon Testified Erdoes Could Have Cut JPMorgan Epstein Ties
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).
Author: Ava Benny-Morrison
