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Harvey Weinstein Plans $25 Million Settlement With Accusers

Harvey Weinstein Plans $25 Million Settlement With Accusers

Harvey Weinstein is close to a $25 million settlement that would settle most of his civil litigation, the New York Times reported on Wednesday (December 11).

The settlement would also resolve the class action case against him and his board of directors in accusations of a pattern of sexual misconduct.

“Under the deal, the insurance companies for the Weinstein Co. would pay the victims with the most serious claims $500,000 apiece. A larger pool of claimants would split the balance of the funds. The deal was first reported by the New York Times. The deal, which has been hammered out with the assistance of the New York attorney general’s office, must still be approved by the judge overseeing the Weinstein Co. bankruptcy case,” Variety reports.

That said, “at least four” plaintiffs are not participating in the agreement, and “at least three” are expected to oppose.

“We reject the notion that this was the best settlement that could have been achieved on behalf of the victims. It is shameful that $12 million of the settlement is going to the lawyers for the directors who we alleged enabled Harvey Weinstein and it is even more outrageous that the proposed settlement will seek to bind non participating members by providing a release to the insurance companies and the directors of the Weinstein Company itself. While we don’t begrudge victims who want to settle, we plan to vigorously object to any provision that tries to bind victims who want to proceed with holding Harvey Weinstein accountable for his actions which is exactly what we intend to do,” said Douglas Wigdor, who represents plaintiff Wedil David and an anonymous accuser.

Ashley Judd is reportedly also not part of the settlement agreement. For the full report, head to NYTimes.com.

READ MORE: Harvey Weinstein Arrives in Court Ahead of Sexual Assault Case

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