US District Judge Jed Rakoff in New York has dismissed BNY Mellon (BK) from a proposed class-action lawsuit by victims of Jeffrey Epstein who alleged the bank aided in his sex-trafficking activities, Bloomberg’s Bob Van Noris reports. The judge, who dismissed all claims against BNY, dismissed four of six claims against Bank of America (BAC) and allowed two against the bank to proceed, permitting victims to move ahead with allegations that BofA knowingly benefited from Epstein’s conduct and obstructed enforcement of the sex-trafficking statute, the author notes.
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