Harvey Weinstein Reaches Tentative $44 Million To Settle Sexual Misconduct Accusers
Harvey Weinstein and the former Weinstein Company board members have reached a tentative deal with the women who accused the movie mogul of sexual misconduct.
On Thursday, Adam Harris, a lawyer for studio co-founder Bob Weinstein, told a bankruptcy court judge that an “economic agreement in principal” had been reached.
The Wall Street Journal reported there was a proposed $44 million deal in place. The money isn’t coming from Weinstein himself, but from an insurance policies.
According to the Journal, about $30 million will go to alleged victims, studio creditors and former employees of the Weinstein Co. Another $14 million will pay for the legal fees Weinstein’s associates face.
The agreement must be approved by the advisor who now controls the Weinstein Co. in the bankruptcy proceedings.
Weinstein still faces criminal charges for rape and other crimes for alleged incidents involving two women in 2004 and 2013. He could serve a life sentence if convicted on the charges.
He has denied the allegations and pleaded not guilty to rape and the other sex crimes. His trial is set for September.