Court approves Bank of America's $73M settlement with Epstein victims

Berkshire Hathaway's new CEO Greg Abel has reshuffled the company's investment portfolio, reducing stakes in Coca-Cola (KO) and Bank of America (BAC) while increasing holdings in Alphabet (GOOGL, GOOG). Alphabet is now Berkshire's third-largest holding, valued at $16 million more than its Coca-Cola stake. Abel has committed $17 billion to Alphabet, including a $10 billion private placement, citing its virtual monopoly in search and AI growth potential.

A federal judge approved Bank of America's $72.5 million settlement with Jeffrey Epstein victims, calling it fair and reasonable. The bank denied wrongdoing but agreed to resolve the lawsuit. This is the third major bank to settle with Epstein victims, following JPMorgan Chase and Deutsche Bank. The case alleged Bank of America aided Epstein's sex trafficking by facilitating transactions for his associates.

A NY judge approved a $72.5M settlement between Jeffrey Epstein's victims and Bank of America. The bank denied wrongdoing but agreed to resolve the case. About 60 women will receive payouts for abuse between 2008 and 2019. The judge praised the settlement as a step toward accountability.

A judge approved a $72.5M settlement between Jeffrey Epstein's victims and Bank of America, covering about 60 women abused between 2008-2019. The bank was accused of ignoring evidence of Epstein's activities. No wrongdoing was admitted. Similar settlements were reached with JPMorgan Chase and Deutsche Bank.

A judge will consider final approval of Bank of America's $72M settlement with accusers of Jeffrey Epstein. The women allege the bank ignored suspicious transactions. Bank of America denies facilitating crimes but agreed to settle. Similar settlements were reached with JPMorgan Chase and Deutsche Bank.

A federal judge approved Bank of America's $72.5 million settlement with women who accused the bank of facilitating their abuse by Jeffrey Epstein. The judge rejected arguments that the settlement was overbroad or unfair. The bank denied facilitating sex trafficking crimes. Earlier, JPMorgan Chase and Deutsche Bank settled similar cases for $290 million and $75 million, respectively.