Ten Things You Need to Know Today: 26 Jan 2021
The Week’s daily digest of the news agenda, published at 8am
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The Week’s daily digest of the news agenda, published at 8am
Weinstein accusers agree to $17-million settlement Melena Ryzik and Cara Buckley The New York Times Bookmark Nearly four years after the first claims against Harvey Weinstein made their way into the court system, some of the many women who sued him on sexual assault and harassment grounds may be close to getting financial compensation. On Monday, a bankruptcy court judge in Delaware confirmed the settlement deal, clearing the way for dozens of women who say they were sexually assaulted or harassed by Weinstein to receive a portion of the $17-million victims fund, largely by ending thei...
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Advertisement The settlement closes an often rancorous and prolonged chapter in the Weinstein litigation saga that saw various proposals scuttled and litigants opt out, all while the initial fund for accusers dwindled. New York-based Weinstein Co. filed for bankruptcy in March 2018 and later sold of most of its assets to private equity firm Lantern Capital Partners for $289 million. “We’ve worked closely with many survivors of Harvey Weinstein who desired a resolution that would provide a safe and confidential process for recovery, and today we’re proud to share that the bankruptcy cou...
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