Bank of America has reached a proposed settlement with a woman who accused the Charlotte-based bank of enabling the financial activity of convicted sex offender Jeffrey Epstein.
The lawsuit, filed by a woman identified as “Jane Doe,” alleged that Bank of America maintained a relationship with Epstein and failed to report suspicious activity until after his death.
The terms of the settlement have not been made public. It still requires approval from a judge.
Bank of America is headquartered in Charlotte and employs more than 19,000 people in the region.
A hearing on the proposed settlement is scheduled for April 2.