Washington: American film producer Harvey Weinstein has reached a tentative USD 44 million settlement to resolve lawsuits filed by women who accused him
Washington: American film producer Harvey Weinstein has reached a tentative USD 44 million settlement to resolve lawsuits filed by women who accused him of sexual misconduct.
According to The New York Times, as cited by The Hollywood Reporter, the lawyers representing Weinstein had agreed a proposed USD 44 million settlement with his accusers. The movie mogul has also reached a tentative deal with creditors of his former studio The Weinstein Co. (TWC) and the New York attorney general.
Under the settlement, that is yet to be finalized, USD 30 million would be reserved for the accusers, unsecured creditors, and the former TWC employees. The remaining USD 14 million would be used to pay legal fees.
The publication reported that insurance policies would cover the multi-million deal if it is approved by the advisers in charge of the former TWC’s bankruptcy proceedings.
