Harvey Weinstein reaches $44 million settlement regarding sexual harassment lawsuits. However, the settlement will not exempt Weinstein from criminal proceedings against him.
In 2018, Weinstein and his brother Bob Weinstein were sued for violating laws regarding sexual harassment, sexual abuse and coercion. The defamed producer’s lawyers have reached a settlement to cover all pending suits against him.
Harvey Weinstein reaches $44 million settlement
The New York Times revealed that Weinstein’s lawyers agreed on a $44 million settlement. The agreement is with his accusers and the creditors of The Weinstein Company (TWC) as well as the New York Attorney General.
Weinstein’s legal team and his accusers lawyers negotiated for a year before reaching this agreement. The deal will cover all civil proceedings against Weinstein. Additionally, it will include lawsuits brought in the US, Canada and the United Kingdom.
Of this $44 million, $30 million will go to Weinstein’s accusers, creditors and the employees of TWC. The other $14 million will cover legal fees. His lawyers hope all of the pending suits against Weinstein in relation to his studio will be covered with the settlement.
Bob Weinstein’s lawyer Adam Harris told the Associated Press that the agreement will “provide significant compensation to victims, creditors and the estate.” Additionally, he said it would “allow the parties to avoid years of costly, time consuming and uncertain litigation on all sides.”
Not exempted from criminal proceedings
The settlement does not exempt Weisntein from the criminal proceedings against him. He will go on trial in September for the allegations against him in October 2017. Dozens of women spoke up to Times, detailing his predatory behavior across two decades.
Weinstein’s studio went bankrupt in March of 2018.