Harvey Weinstein Settlement Could Near $47 Million

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Harvey Weinstein, his former associates, insurers and accusers have reached a nearly $47 million tentative settlement of almost all the civil cases pending against him, some $25 million of which will compensate women who have accused the Hollywood producer of sexual misconduct, the Wall Street Journal reports. Weinstein and his former associates, including board members of his former studio, didn’t admit wrongdoing. The deal must be approved by a bankruptcy judge and a judge overseeing a proposed class-action lawsuit. The bulk of the settlement money will be paid by insurance policies. The deal resolves all but two of the civil sexual-misconduct lawsuits and other legal claims filed against Weinstein.

The tentative settlement won’t affect the criminal case brought by Manhattan prosecutors, which is set for trial Jan. 6. Weinstein has denied all allegations of nonconsensual sex. The settlement is the culmination of more than a year of negotiations. It also resolves a suit filed by the New York attorney general that accused his former studio’s executives and board of failing to protect women from his alleged misconduct. About $6 million will go to women who have filed lawsuits and legal claims and their attorneys. An additional $18.6 million will be set aside to create a settlement fund for additional alleged victims, including those covered by the attorney general’s suit. About $7 million will go to some creditors of the film studio. About $12 million will cover the costs of lawyers who defended Weinstein’s former associates. Elizabeth Fegan, a lawyer for plaintiffs in the proposed class-action, said, “No matter what amount of money the survivors ultimately receive, the civil settlement will do little to reverse the damage Weinstein caused to so many.”

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