Harvey Weinstein reaches $25m civil court deal with more than 30 sexual assault accusers but he WON’T have to admit wrongdoing nor pay out of his own pocket
Shamed Hollywood producer Harvey Weinstein has reached a tentative $25million settlement with dozens of his alleged sexual misconduct victims – however the former mogul would not have to admit any wrongdoing or pay his accusers out of his own pocket.
Following a two year legal fight, the proposed global legal settlement has obtained preliminary approval from all the parties involved, the New York Times reported.
The recipients of the settlement – which include more than 30 actresses and former Weinstein employees that have accused him of numerous sexual offenses including rape – would share the payout equally, along with any other claimants should they come forward in the months ahead.
As a result, the settlement would essentially bring an end to every lawsuit against him and his former company, pending a court approval and final sign off by all parties.
But Weinstein himself won’t be footing the bill. Instead, the $25million in reparations would be paid by various insurance companies representing the now-bankrupt Weinstein Company, the producer’s former studio.
Harvey Weinstein arrived at court on New York on Wednesday leaning on a walker. His lawyers say he will have surgery this week on his back for an injury he sustained in a car accident in August
As the firm is currently in the midst of bankruptcy proceedings, Weinstein’s accusers had had to make their claims to the company’s creditors. Their $25million settlement would come as part of an overall $47million settlement to close out all of the company’s remaining obligation, Times sources say.