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Harvey Weinstein s victims to share $24 million in sexual misconduct settlement
27 Jan, 2021 07:45 PM
3 minutes to read
BANG! Showbiz
Harvey Weinstein s victims will share more than US$17 million (NZ$24m) in damages.
A bankruptcy judge has approved a plan to liquidate the Weinstein Company, with the money to form a Sexual Misconduct Claims Fund to be distributed among the women who have made allegations against the disgraced producer, who is currently in jail for sexually assaulting two people.
Almost 40 women who have made claims against Weinstein and each of them will be given the chance to submit a claim that will then be evaluated by a designated examiner using a point system as part of the plan.
A judge has approved a $17 million settlement plan for sexual misconduct victims of Harvey Weinstein
A US bankruptcy judge has approved a Weinstein Company liquidation plan that allocates over $17 million for Harvey Weinstein’s sexual harassment and assault victims, an attorney for the Weinstein Company confirmed to CNN Monday.
“It is true that Judge (Mary) Walrath approved the settlement plan at a hearing today,” Attorney Paul Zumbro said, adding that they are “pleased with Judge Walrath’s ruling, and particularly so given there is now a mechanism that allows victims to receive compensation without having to endure the hardships and uncertainties of litigation.”
Accusers Must Abandon Lawsuits Against Harvey Weinstein to Receive Full Monetary Settlement
On 1/26/21 at 4:55 PM EST
Women who accused Hollywood producer Harvey Weinstein of sexual misconduct can receive monetary settlements but they will receive the full amount of their claims only if they agree to not sue Weinstein in another court.
According to a revised Weinstein Co. bankruptcy plan, claim holders will receive 100 percent of the liquidated value of their claims if they release Weinstein from all legal claims, meaning they can never take their cases to court again. Those who refuse to drop their claims will receive only 25 percent of the total determined value of their claim.