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Judge Rakoff Asks The USVI Why JP Morgan Can't Challenge Their Lawsuit
Federal Judge Jed Rakoff pressed the U.S. Virgin Islands to explain more specifically why JPMorgan should not be allowed to pursue certain affirmative defenses in the territory’s lawsuit over the bank’s relationship with Jeffrey Epstein. The USVI had asked Rakoff to strike defenses raised by JPMorgan, arguing that because the territory was acting in its sovereign capacity to enforce public rights under the Trafficking Victims Protection Act, the bank should not be able to rely on equitable defenses against the government. Rakoff did not rule immediately on that argument. Instead, he directed…
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