A settlement has been reached in a civil suit filed against Harvey Weinstein, his company and former associates over the fallen film mogul’s alleged sexual misconduct, CNN reports.
Attorneys representing claims against Weinstein told a Delaware bankruptcy judge Thursday that the $44 million settlement will be paid by insurance policies and not by Weinstein himself, the report notes.
The deal “allocates about $14 million for legal fees to Weinstein associates who are named as defendants in the lawsuits,” CNN reports. “The remaining $30 million will go to alleged victims, creditors and former employees of the Weinstein Co., a source with direct knowledge of the settlement tells CNN.”
Adam Harris, attorney for Bob Weinstein — Harvey Weinstein’s brother and a co-founder of The Weinstein Company — is quoted by CNN telling Judge Mary Walrath of the US Bankruptcy Court in Wilmington: “We now have an economic agreement in principle that’s supported by the plaintiffs, the [New York Attorney General’s office], the defendants and all the insurers, that if approved will provide significant compensation to victims, creditors of the estate, and allow the parties to avoid years of costly, time consuming, and, you know, uncertain litigation on all sides.”
CNN adds: “The New York Attorney General’s office filed a civil lawsuit last year, saying the Weinstein brothers and their company committed ‘egregious violations of New York’s civil rights, human rights, and business laws.'”
The report notes that the tentative settlement does not affect an ongoing New York criminal case against Harvey Weinstein, in which he is accused of raping a woman in a New York hotel room in 2013 and forcibly performing oral sex on another woman at his Manhattan apartment in 2006.