| In
Epstein Case
JPM Chase
Opposed Class
Cert Now New
Schedule
Leading to Oct
23 Jury Trial
By Matthew
Russell Lee, Patreon Maxwell
book
SDNY COURTHOUSE,
June 6 –
J.P. Morgan
Chase and
Deutsche Bank
were sued for
their enabling
of Jeffrey
Epstein, in
lawsuits filed
on
Thanksgiving
2022 in the
U.S. District
Court for the
Southern
District of
New York,
where Inner
City Press
found them in
the docket.
Late on May
17, 2023,
plaintiffs' lawyer
David Boies
selectively
announced a $75
million
settlement
with Deutsche
Bank. Nothing
was filed in
the docket.
But the
pressure on
JPM Chase, and
its CEO
Dimon, grew.
More
including
class analysis
on Substack here
On May
26, Judge
Rakoff held
oral arguments
on class
certification,
noting that
Dimon's
deposition was
taking place
at that time.
Inner City
Press was
there,
thread here and
below.
On
May 31,
Inner City
Press
published
the Dimon
deposition, on
Patreon here.
On June
5, Judge
Rakoff's
chambers
docketed this,
from June 2:
"Minute Entry
for
proceedings
held before
Judge Jed S.
Rakoff:
Telephone
Conference
held on
6/2/2023,
without
transcription
or recording.
Counsel for
Jane Doe, the
U.S. Virgin
Islands, JP
Morgan Chase,
and Mr. Staley
were present.
Mr. Staleys
unopposed
application
for JP Morgan
to disclose
its
correspondence
with six third
parties in
connection
with its
subpoenas to
those third
parties is
granted. JP
Morgans
application
for Jane Doe
to make
corresponding
disclosures of
correspondence
relating to
third party
subpoenas to
the same
parties is
denied,
without
prejudice to
JP Morgans
renewing the
request should
it be able to
show a
particularized
need taking
into account
the current
status of
discovery. Mr.
Staleys
request for a
computation of
the damages JP
Morgan intends
to assert
against Mr.
Staley in the
form of its
costs of
defending the
actions by
Jane Doe and
the U.S.
Virgin
Islands, as
well as for JP
Morgan to make
available the
documents on
which any such
computation is
based, is
granted,
subject to
appropriate
withholdings
for privilege.
JP Morgan is
directed to
make such
production by
EOD on Friday,
June 16. This
production
should be made
to Mr. Staley
only, and any
confidentiality
designation
made in
connection
with this
production
shall suffice
to prohibit
disclosure to
Jane Doe and
the U.S.
Virgin
Islands."
More on
Substack
here.
On June 6,
Judge Rakoff issued a
revised
schedule:
"Third-Party
Defendant
James Edward
Staley's
Answer to JP
Morgan's
Complaint must
be filed by
June 7, 2023.
Post-discovery
judgment
motions
(except as
respecting
third-party
claims) due by
8/15/2023.
Responses due
by 8/31/2023
Replies due by
9/7/2023.
Deposition due
by 8/8/2023.
Fact Discovery
(including
deposition of
fact
witnesses) due
by 7/18/2023.
Expert
Discovery due
by 8/8/2023.
Final Pretrial
Conference, as
well as oral
argument, set
for 7/28/2023
at 02:00 PM
before Judge
Jed S. Rakoff.
Ready for
Trial by
10/23/2023.
Oral Argument
set for
9/14/2023 at
04:00 PM
before Judge
Jed S. Rakoff.
(Signed by
Judge Jed S.
Rakoff on
6/6/2023)
On May
19, Jes Staley's
lawyer argued
before Judge
Jed S. Rakoff
to dismiss JPM
Chase's claim against
him; Chase
opposed. Inner
City Press was
there, live
tweeted thread here and
below.
Judge
Rakoff: I
agree
Congressional
silence is not
a basis for
reaching a
definitive
conclusion.
They are
talkative.. I
am joking
JPM's
lawyer: Even
if there was
no
contribution,
supplemental
jurisdiction,
they can stay
in - they have
already been
present at
depositions.
It's judicial
economy. Judge
Rakoff: I've
heard what I
need.
Judge
Rakoff: I'll
get you at
least a bottom
line opinion
by the end of
this month. Mr
Staley should
know by May
31. Anything
else? No? If
you would
clear out, I
have a 4 pm
matter.
More on
Substack
here.
The
JPM Chase
complaint is
on Patreon, here.
On March
20, 2023 Judge
Jed S.
Rakoff in a
bottom line
order
dismissed some
but not
all claims,
in the Epstein-related
cases against
JPMC and Deutsche
Bank.
Inner
City Press put
the order on
its
DocumentCloud
here.
On
April 28, a
motion seeking
class certification
of
Epstein-related
claims against
JPMC was
filed; filing
on Patreon here.
On May 8, the
US Virgin
Islands filed
with Judge
Rakoff to
strike JPM
Chase's equitable
defenses,
including tis
"fault-shifting"
defense, arguing
that "it is well
established within
the Second
Circuit and
elsewhere that
government
plaintiffs suing to
vindicate
public rights
are not subject to equitable
defenses that
may be invoked
against
private plaintiffs."
Full filing on
Patreon here.
***
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