Harvey Weinstein Reaches $44 Million Settlement with Sexual Assault Accusers

Oscar Cross
May 25, 2019

The Wall Street Journal is reporting that after some lengthy negotiations from all involved parties - disgraced movie producer Harvey Weinstein, members of the Weinstein Company board, the NY attorney general's office, and Weinstein's alleged victims - a tentative agreement to pay out $44 million as a settlement to victims of Weinstein's alleged sexual misconduct has been reached. He has pleaded not guilty and denied all allegations.

Attorneys in the Weinstein Co. bankruptcy case say they are getting close to reaching a settlement that would compensate Harvey Weinstein's sexual misconduct accusers.

Adam Harris, a lawyer for Bob Weinstein, told the U.S. Bankruptcy Court in Wilmington, DE, on Thursday that, "For the first time, as of yesterday ... we now have an economic agreement in principle".

Advisers now in charge of Weinstein Co.in bankruptcy proceedings still need to approve the deal, a company lawyer said Thursday. The settlement would cover many of them, including a class action by alleged victims that accuses the film company of operating like an organized crime group to hide widespread sexual harassment and assaults.

He cautioned that there was still "a lot of work here to do" but added that he was "very optimistic".

The proposed sum is less than half of what was initially discussed as a victims' fund as part of conversations previous year between an investor group that was interested in buying assets of the Weinstein Company and Eric T. Schneiderman, who was then New York's attorney general.

Weinstein still faces a criminal trial in New York City over sex assault accusations from two women.

Disgraced Hollywood mogul Harvey Weinstein leaves the New York State Supreme Court on April 26, 2019, after a break in a pretrial hearing over sexual-assault charges. A trial in that case has been scheduled for September. The reports revealed that Weinstein's behavior was an open secret in Hollywood.

Weinstein has strenuously denied the allegations.

The outcry against Mr Weinstein led to the #MeToo movement, which has seen hundreds of women accusing high-profile men in business, government and entertainment of sexual abuse and harassment.

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