The New York Times is reporting that a tentative settlement of $25 million has been reached between Harvey Weinstein and his alleged sexual misconduct victims.
They explain that with this deal, Weinstein would not have to admit wrongdoing or pay anything to his accusers himself. It would instead be paid by insurance companies representing the former studio, The Weinstein Company.
The New York Times states that the settlement needs to be approved and have final sign-off. Still, when that is completed, “More than $12 million — a quarter of the overall settlement package — would go toward some, but not all, legal costs for Mr. Weinstein; his brother, Bob; and other former members of their company’s board.” They add, “The board members would be insulated from future liability, and the alleged victims would drop their claims against Mr. Weinstein and other executives.”
This settlement would resolve the many sexual misconduct lawsuits that have been brought against Harvey Weinstein since 2017.