Sources familiar with the matter, all of whom spoke on a condition of anonymity, toldThe Wall Street Journalthat the deal has yet to be finalized but was announced in bankruptcy court in Delaware after a year of mediation sessions.The New York TimesandThe Los Angeles Timesconfirmed that report with their own sources.
The civil settlement does not impact the criminal case against Weinstein, in which he ischarged with rape and other sex crimesagainst two women. Weinstein haspleaded not guiltyto those charges and his trial is set for September 9.The settlement, the outlets report, would call for $30 million to be paid to a wide pool of plaintiffs — who include Weinstein’s sexual misconduct accusers, his former employees, and creditors for his now defunct studio — as well as all of the legal fees associated with those plaintiffs. The remaining $14 would then be divided to cover the legal fees for Weinstein associates, many who are board members named as defendants in the lawsuits.
Funding to pay the $44 million would come from insurance polices, according to the reports.
Reps for Weinstein, the New York attorney general’s office, and a lawyer for the plaintiffs did not immediately respond to PEOPLE’s request for comment.
If finalized, the deal would also settle a civil-rights lawsuit the New York attorney general’s office filed last year that blames the Weinstein Company’s executives and board for not protecting employees from a hostile working environment, sources toldThe Wall Street Journal.
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Weinstein has previously denied all allegations of sexual misconduct and assault against him, claiming the relationships were consensual.
In the wake of the reports, Weinstein’s studio — which he founded with his brother and business partner, Bob — filed for bankruptcy in March 2018. He and his wife,Georgina Chapman, also divorced.
Prior to his criminal trial, Weinstein is free on a$1 million bail with GPS monitoring, according to theLos Angeles Times.
source: people.com
