The proposed agreement, which must be approved by a federal judge in Manhattan before becoming final, relates to individuals who say they were sexually assaulted, abused or trafficked by Epstein between January 1, 1995, and August 10, 2019 — the date of his death in prison.

Under the terms of the settlement, the estate would pay $35 million if there are 40 or more eligible claimants in the class. If fewer than 40 individuals qualify, the payout would be $25 million.

The co-executors of the estate, Darren Indyke — Epstein’s former lawyer — and Richard Kahn, his longtime accountant, are overseeing the settlement process. Both men have denied any wrongdoing in connection with Epstein and have not been accused of sexual abuse or of witnessing abuse.

If approved, the settlement would resolve a lawsuit filed in 2024 in which the two advisers were accused of enabling Epstein’s illicit activities through the legal and business services they provided. Court documents state that the agreement does not constitute an admission of fault and does not expose the co-executors to further liability from the victims involved in the case.

The law firm Boies Schiller Flexner LLP, which represents the class of victims, has reportedly indicated confidence that at least 40 individuals who have not previously settled with the estate are eligible.

The development follows the release of millions of documents, photographs and videos by the US Justice Department related to the investigation into Epstein’s activities.

Epstein, who cultivated relationships with powerful figures across politics, business and academia, died in custody in 2019 while awaiting trial on federal sex trafficking charges. His case has continued to reverberate globally, with legal and reputational consequences for several high-profile associates.