NEW YORK – A tentative deal has been reached to settle multiple lawsuits brought against the television and film company co-founded by Harvey Weinstein, who has been accused of sexual misconduct by scores of women.
Attorneys involved in the negotiations told a federal bankruptcy court judge during a hearing in Wilmington, Delaware, Thursday that a breakthrough in a still-unfinished mediation had put a settlement within reach.
The amount of the deal wasn’t revealed in court, but a person familiar with the negotiations told The Associated Press it was worth $44 million. The person wasn’t authorized to reveal details of the discussions and spoke on condition of anonymity.
“We now have an economic agreement in principal that is supported by the plaintiffs, the (New York attorney general’s) office, the defendants and all of the insurers that, if approved, would provide significant compensation to victims, creditors and the estate and allow the parties to avoid years of costly, time consuming and uncertain litigation on all sides,” Adam Harris, a lawyer for studio co-founder Bob Weinstein, told the judge.
He cautioned that there was still “a lot of work here to do.” “But,” he added, “I personally am very optimistic.”
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 that accuses the film company of operating like an organized crime group to conceal widespread sexual harassment and assaults.
It would also resolve a civil suit by the New York attorney general alleging that Harvey Weinstein’s media company, in enabling his mistreatment of women, violated labor laws.
Latest, Mr Weinstein is due to go on trial in New York on 3 June on five charges of sexually assaulting two women. If found guilty, he could spend the rest of his life in prison.
Stay tuned for more updates and news.
