Movie producer Harvey Weinstein, his former associates, insurers, and accusers have reached a tentative $47-million settlement of almost all the civil cases pending against him. About $25-million will compensate women who accused the Hollywood producer of sexual misconduct. An estimated $12-million will cover the costs of lawyers who defended Mr. Weinstein’s former associates against these suits, and about $7-million will go to creditors of the film studio. More than 30 actresses have accused him of sexual harassment and assault. The bulk of the settlement money will be paid by insurance policies. -GEG
Weinstein’s bail was reportedly increased from $1-million to $5-million after he had 56 violations of a court-ordered monitoring device. The mogul’s ankle-bracelet tracking device was disabled numerous times. and he disappeared from observation for hours at a time. Weinstein arrived at a hearing last week looking as though he had aged dramatically and he was using a walker, prompting critics to speculate that it was a sympathy ‘prop’ after he ditched it during a shopping trip.
Harvey Weinstein, his former associates, insurers and accusers have reached a nearly $47 million tentative settlement of almost all the civil cases pending against him, about $25 million of which will compensate women who have accused the Hollywood producer of sexual misconduct, according to people familiar with the matter.
Under the terms of the agreement, Mr. Weinstein and his former associates, including board members of his former studio, didn’t admit wrongdoing, the people said. The deal still needs to be approved by a bankruptcy judge and a judge overseeing a proposed class-action lawsuit. The bulk of the settlement money will be paid by insurance policies, including those held by his former studio, Weinstein Co., some of the people said.
The deal resolves all but two of the civil sexual-misconduct lawsuits and other legal claims filed against Mr. Weinstein, the people said.
The tentative settlement won’t affect the criminal case brought by Manhattan prosecutors, which is set to go to trial on Jan. 6. Mr. Weinstein has pleaded not guilty and denied all allegations of nonconsensual sex.
The settlement is the culmination of more than a year of negotiations, which involved lawyers for Mr. Weinstein, his former film studio, the New York attorney general’s office, insurers and Mr. Weinstein’s accusers. The negotiations also included the former associates of Mr. Weinstein who some women claimed had enabled Mr. Weinstein’s alleged abuse. It also resolves a suit filed by the New York attorney general that accused his former studio’s executives and board of failing to protect women from his alleged misconduct
Under the terms of the deal, about $6 million will go to women who have filed lawsuits and legal claims and their attorneys, the people said. An additional $18.6 million will be set aside to create a settlement fund for additional alleged victims, including those covered by the attorney general’s suit, they said.
About $7 million will go to some creditors of the film studio. About $12 million will cover the costs of lawyers who defended Mr. Weinstein’s former associates against the suits.
The tentative deal was reported earlier by the New York Times.
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