Disgraced movie mogul Harvey Weinstein has reached a $44 million settlement agreement with the women who have accused him of sexual assault, as well as a separate, tentative agreement with the creditors of his former studio, The Weinstein Co., and with the New York attorney general.
The yet-to-be-finalized settlement would send $30 million to Weinstein’s accusers and former TWC employees, according to The Hollywood Reporter. Legal fees associated with the cause would be covered by the remaining $14 million.
According to The New York Times, insurance policies put in place to cover TWC’s bankruptcy proceedings will cover the $44 million, if the deal is approved. Negotiations between Weinstein’s lawyers and those representing his accusers have been ongoing for more than a year.
Dozens of women first came forward with their accusations of abuse against Weinstein that dated back decades in October 2017 via a detailed and thorough report in The New Yorker. TWC filed for bankruptcy in March 2018.
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