The estate of convicted American sex offender Jeffrey Epstein has agreed to a proposed settlement that could see as much as $35 million paid to resolve outstanding legal claims from dozens of alleged victims, according to a court document filed on Thursday.
The proposed agreement was submitted in federal court in New York and must receive judicial approval before it can take effect. Until a judge signs off on the plan, the settlement remains pending and is not yet legally binding.
Court filings state that the agreement applies to individuals who said they were “sexually assaulted or abused or trafficked by Jeffrey Epstein between January 1, 1995, and through August 10, 2019,” the date of his death while in federal custody. The compensation amount will vary depending on how many claimants qualify under the terms of the settlement.
If 40 or more individuals are deemed eligible members of the class, the estate will pay a total of $35 million into the compensation fund. Should the number fall below 40, the total payout will instead be set at $25 million.
The estate is overseen by co-executors Darren Indyke and Richard Kahn, who previously served as Epstein’s personal attorney and accountant. In 2024, a lawsuit was initiated accusing both men of helping facilitate Epstein’s unlawful conduct through the legal and financial services they provided during their professional relationship with him.
Despite the allegations, the proposed settlement makes clear that the co-executors are not admitting to any misconduct or accepting liability. The court filing specifies that the agreement does not represent an acknowledgment of fault, nor does it expose them to additional legal claims arising from the same allegations.
Both have consistently denied any involvement in criminal activity and have not been charged with sexual abuse offenses.
The victims involved in the case are represented by Boies Schiller Flexner LLP, a law firm that has handled several high-profile civil matters. The firm did not immediately comment on how many individuals are included in the proposed class.
However, a report by Bloomberg indicated that the legal team believes at least 40 individuals who have not previously settled with the estate may qualify.
Daniel H. Weiner, counsel for the co-executors, did not immediately respond to a request for comment regarding the agreement.
The settlement comes amid renewed attention to Epstein’s case following the release of extensive investigative records by the U.S. Justice Department. Millions of pages of documents, photographs, and video materials connected to the federal investigation have been made public, shedding further light on the scope of Epstein’s activities and associations.
Epstein, a financier with connections to prominent figures across politics, business, academia, and entertainment, had cultivated a wide-ranging network over several decades. Although many individuals linked to him have denied wrongdoing, scrutiny over those associations has persisted.
If approved by the court, the agreement would mark the resolution of one of the remaining significant civil actions involving Epstein’s estate and provide compensation to survivors who have not previously reached settlements.
What you should know
The estate of Jeffrey Epstein has proposed a settlement worth up to $35 million to address unresolved claims from alleged victims.
The final payout depends on the number of eligible claimants, with $35 million allocated if at least 40 individuals qualify and $25 million if fewer are approved.
The agreement must be authorized by a federal judge in New York before it becomes effective. The estate’s co-executors deny wrongdoing and do not admit liability under the terms of the settlement.
The development follows the public release of extensive investigative materials related to Epstein’s criminal case.
