According to two anonymous sources familiar with the matter, one of the sexual abuse victims of Jeffrey Epstein who received a monetary settlement from his estate has the opportunity to pursue separate claims against two influential former Wall Street executives, namely Leon Black and James E. Staley.

In a deposition in May, Richard Kahn, an executor of Mr. Epstein’s estate, revealed that the victim’s settlement included a “carve out” provision related to Leon Black and James E. Staley. This provision allows the victim to pursue legal action against these individuals separately, as stated by the sources who are not authorized to publicly disclose the matter.

The exceptions made for Leon Black and James E. Staley reveal the continued challenges they face due to their connections with Jeffrey Epstein even four years after his death. This arrangement could potentially set a precedent for other victims of Mr. Epstein, potentially exposing Mr. Black and Mr. Staley to further scrutiny and legal liability.

According to one of the sources, Mr. Kahn stated in the deposition that the victim was “potentially” a victim of these individuals and that the carve-out provision was agreed upon so that she could pursue legal action for any harm incurred.

During the deposition, Mr. Kahn mentioned that at least one other victim sought a similar carve-out provision from the estate. The specifics of their claims against Mr. Black and Mr. Staley are unknown at this time.

In settling claims with victims, Mr. Epstein’s estate aimed to limit potential litigation against anyone associated with Mr. Epstein. The carve-out provision allows victims to pursue other legal actions despite the broad release included in the settlement.

Both Leon Black, the billionaire private equity investor and co-founder of Apollo Global Management, and James E. Staley, a former executive at JPMorgan Chase and Barclays, had close ties with Mr. Epstein. Leon Black paid him $158 million for services, while Mr. Staley had been a frequent visitor to Mr. Epstein’s Manhattan residence. These connections are now under scrutiny, especially regarding the large payments made by Mr. Black and their implications.

Susan Estrich, lawyer for Mr. Black, dismissed the leak of Mr. Kahn’s deposition testimony as baseless character assassination. She emphasized that the anonymous women mentioned have never brought a claim against Mr. Black. Lawyers for Mr. Staley did not provide a comment, and a lawyer for Mr. Kahn declined to comment as well.

Mr. Kahn’s deposition was related to a class-action lawsuit filed last year by Mr. Epstein’s victims against JPMorgan Chase. The lawsuit accuses the bank of turning a blind eye to Mr. Epstein’s trafficking activities. Additionally, the U.S. Virgin Islands has filed a related lawsuit against the bank. Lawyers for JPMorgan are also suing Mr. Staley, suggesting his potential liability for damages.

JPMorgan agreed to pay $290 million in June to settle the class-action lawsuit filed by Mr. Epstein’s victims but continues to contest the suit by the Virgin Islands seeking $190 million in damages. JPMorgan is also involved in a legal dispute with Mr. Staley in connection with this lawsuit and argues that he could be held responsible for damages. The bank claims it continued doing business with Mr. Epstein based on Mr. Staley’s assurances that Mr. Epstein had changed his ways.

An internal review of Mr. Staley’s company emails conducted by JPMorgan after Mr. Epstein’s arrest in 2019 discovered sexually suggestive emails exchanged between the two men. Lawyers for Mr. Staley have stated that he was unaware of any sex trafficking by Mr. Epstein and maintains his innocence.

In 2021, Leon Black resigned as chairman and CEO of Apollo due to his ties with Mr. Epstein. He also agreed to pay $62.5 million to the Virgin Islands this year in an effort to avoid a potential lawsuit that would claim his payments to Mr. Epstein financed the sex trafficking operation in the U.S. territory.

Mr. Black is facing lawsuits from two additional women who allege they were raped by him at Mr. Epstein’s Manhattan townhouse approximately twenty years ago. Susan Estrich dismisses these allegations as false and frivolous. Lawyers for Mr. Epstein’s victims estimate that he sexually abused hundreds of teenage girls and young women over two decades. To date, over 125 women have received settlement payments totaling $153 million either through a restitution fund or direct negotiations with the estate.