On Friday, a US judge approved a $75 million settlement between Deutsche Bank and victims of Jeffrey Epstein who had accused the company of facilitating the late financier’s alleged sex trafficking.

During a court hearing in Manhattan, US District Judge Jed Rakoff approved the settlement after granting preliminary approval in June.

As Rakoff said in court, “The court considers this a terrific settlement.”.

The settlement did not acknowledge any wrongdoing by the bank.

Epstein and his associates are accused of sexually abusing or trafficking women and teenage girls from Aug. 19, 2013, until his death in a Manhattan jail six years later as he awaited trial for trafficking young women and teenage girls.

Epstein’s death was ruled a suicide by the medical examiner in New York City.

According to the lawsuit, Epstein sexually abused Jane Doe 1 from 2003 to 2018. She accused Deutsche Bank of failing to notice his abuses. Previously, Epstein was a JPMorgan Chase client for 15 years before becoming a Deutsche Bank client in 2013.

As a result of taking on Epstein as a client, Deutsche Bank believes it made a mistake.

A fee of 30% of the settlement amount was approved by Rakoff for the lawyers representing the women.

David Boies, one of the lawyers, said after the hearing the case “was a wake-up call for banks” to keep track of who their clients are.

Epstein owns two private islands in the US Virgin Islands, where JPMorgan was sued over claims that the bank assisted Epstein. A $75 million settlement was reached last month between JPMorgan and these claimants.

There will be a hearing on Nov. 9 regarding final approval in that case.