A tentative deal is close to settling lawsuits brought against the television and film company co-founded by Harvey Weinstein, who has been accused of sexual misconduct by scores of women.
Adam Harris, a lawyer for studio co-founder Bob Weinstein, told a bankruptcy court judge Thursday that "an economic agreement in principal" has been reached. The amount of the settlement wasn't provided.
A person familiar with the negotiations, who spoke to The Associated Press on condition of anonymity because the deal isn't final, said it would be worth $44 million.
The New York Times said under the proposed terms, about $30 million of the $44 million would go to a pool of plaintiffs that includes alleged victims, creditors of Weinstein’s former studio and some former employees. The newspaper's sources spoke on condition of anonymity because the agreement was private.
More than 15 lawsuits have been filed accusing Harvey Weinstein or the company of misconduct. The settlement would cover many of them, including a class action by alleged victims and a suit by the New York attorney general.
The scandal forced the studio into bankruptcy.
Harvey Weinstein also faces criminal charges of rape and performing a forcible sex act.
He denies all allegations of nonconsensual sex.
This story will be updated.
STEPHEN BITTEL, JACK LATVALA
GEORGE H.W. BUSH
DAN SCHOEN AND TONY CORNISH
Be the first to know
Get local news delivered to your inbox!