Articlebio

Harvey Weinstein Is Reported To Reach $44 million To Settle Lawsuits

News by Krijana Duwal Published on 24 May,2019 Updated on 24 May,2019

Harvey Weinstein Has Reached A Tentative $44 Million Deal To Resolve Sexual Misconduct Lawsuits Filed By Women.

  • Harvey Weinstein has reached a tentative $44 million deal to resolve lawsuits filed by women who accused him of sexual allegations.
  • The alleged victims of the disgraced Hollywood producer, former Weinstein Company employees and creditors, and their lawyers would get $30 million.
  • Rest of the remaining amount would be used toward legal fees.
  • The news of the proposal was revealed on Thursday during a federal bankruptcy court hearing in Wilmington, Del.
  • The May 15 court file described that the mediation process as highly adversarial reflecting.

American former film producer Harvey Weinstein and former studio’s board members have reached $44 million deal to resolve lawsuits filed by women who accused him of sexual allegations.

As part of the proposed settlement, which was first reported by Journal, the alleged victims of the disgraced Hollywood producer, former Weinstein Company employees and creditors, and their lawyers would get $30 million.

CAPTION: Harvey Weinstein SOURCE: NY

Rest of the remaining amount would be used toward legal fees. The representatives for Weinstein and the Weinstein Company have not come forward to comment.

The news of the proposal was revealed on Thursday during a federal bankruptcy court hearing in Wilmington, Del.

Last year, the Weinstein Company filed for bankruptcy after many accusers alleged that Weinstein and his former company was engaged in misconduct.

Adam Harris, an attorney who represents Harvey’s brother and business partner, Bob Weinstein told Judge Mary F. Walrath on Thursday that a deal had been reached the day before following months of hearings.

The May 15 court file described that the mediation process as highly adversarial, reflecting that there were more than eleven separate sessions between the parties over the past years, totaling about 133 hours.

If finalized, the money would be paid by insurance policies.

The proposed deal comes after more than a year and a half after women first began accusing Weinstein of sexual misconduct.

Related