Harvey Weinstein: Judge approved $ 17 million settlement plan for victims of sexual misconduct

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“It is true that Judge (Mary) Walrath approved the settlement plan at a hearing today,” attorney Paul Zumbro said, adding that they were “satisfied with Judge Walrath’s decision, and especially since there is now a mechanism allowing victims to receive compensation without having to endure the difficulties and uncertainties of litigation. “

Here's what Harvey Weinstein said in court ahead of his 23-year sentence

CNN has reached out to Elizabeth A. Fegan, an attorney for the class action plaintiffs, for comment.

Weinstein Company Holdings LLC and 54 affiliates previously filed for Chapter 11 bankruptcy in March 2018 and were subsequently sold to Lantern Capital, a Dallas-based private equity firm, for $ 310 million. The company also said at the time that it would release victims and witnesses to Weinstein’s alleged misconduct from any nondisclosure agreements.

According to court documents, the company’s $ 35.2 million liquidation plan allocates $ 17,064,525.30 to establish a “Sexual Misconduct Claim Fund” and a liquidation trust for payment. sexual misconduct claims.

The approved plan also provides $ 9.7 million for legal fees, none of which reimburses defense costs and expenses incurred by Harvey Weinstein. An additional $ 8.4 million will be allocated to a liquidation trust to settle non-sexual misconduct claims, the documents say.

Time & # 39; s Up and others react to Harvey Weinstein's sentence
Harvey Weinstein, the former chief executive of the company, was sentenced to 23 years in prison in March 2020 on charges of criminal sex act and rape. He still faces six more sexual assault charges in Los Angeles.
After new charges were filed in October, his spokesperson said: “Harvey Weinstein has always maintained that every one of his physical encounters throughout his life has been consensual. That has not changed.”

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