Harvey Weinstein’s victims to share $17.1million compensation after bankruptcy judge approves sexual misconduct settlement to more than 50 accusers
The fund will be divided among more than 50 claimants, with most serious allegations resulting in payouts of $500,000 or more
Judge Mary Walrath approved The Weinstein Co s liquidation plan, which sets aside $17.1m for the accusers
Among the accusers, 83 per cent have expressed very loudly that they want closure through acceptance of this plan , said Judge Walrath
$17 Million Payout to Harvey Weinstein s Victims
The payout will be divided among the more than 50 claimants, with the most serious claims, which could cause payouts of $500,000 or more. Weinstein s victims put to a vote the settlement with 39 voting in favor and eight opposed.
A lawyer representing those who objected to the payout, Ruby Liu, said Monday that the settlement fund is meager.
The deal also deprives her clients of the chance to pursue Bob Weinstein and the other directors in court. Liu said that there are more than monetary considerations that her clients want. They are seeking a finding from a jury that holds all responsible parties accountable. That s not just Harvey Weinstein, Liu said in a Variety report.
US court approves $17 mn payout to Harvey Weinstein s accusers under the company liquidation plan US Bankruptcy Court approved the plan, saying that without the settlement, Harvey Weinstein s accusers would get minimal, if any, recovery. FP Staff January 26, 2021 15:42:25 IST Harvey Weinstein. File image
A US Bankruptcy Court judge on Monday, 25 January, approved The Weinstein Co s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct.
Judge Mary Walrath approved the plan after a hearing in Delaware, saying that without the settlement, Weinstein s accusers would get minimal, if any, recovery.
The $17 million fund will be divided among more than 50 claimants, with the most serious allegations resulting in payouts of $500,000 or more. The settlement was put to a vote of Weinstein s accusers