Harvey Weinstein Reportedly Reaches $44 Million Settlement With Accusers
NEW YORK, NY – JUNE 5: Harvey Weinstein arrives at State Supreme Court, June 5, 2018 in New York City. (Photo by Drew Angerer/Getty Images)
Harvey Weinstein, the former Hollywood executive accused of sexual misconduct by dozens of women, has reportedly reached a settlement with his accusers, according to multiple reports.
According to The Wall Street Journal, Weinstein reached a $44 million settlement to compensate his alleged victims and his legal team earlier this week.
About $30M will go to Weinstein’s accusers, with another $14M going toward his legal fees, NPR reports.
The civil lawsuits brought against Weinstein, along with his very public downfall, have led to financial distress for a man who was once one of the most powerful in Hollywood. In fact, lawyers for Weinstein and his studio, The Weinstein Company, reached the settlement in bankruptcy court, the WSJ reports.
“That $44 million is not coming from Harvey Weinstein himself, it’s actually coming from insurance policies,” a WSJ reporter told NPR.
Weinstein is still facing criminal charges in a pending case in New York. In that case, he is charged with rape and other crimes.
Weinstein, whose company produced some of Hollywood’s biggest films and television shows, is also accused of destroying the careers of women who did not give into his sexual advances. Stars like Ashley Judd, Salma Hayek and Lupita Nyong’o have all come forward to accuse Weinstein of misconduct.
Weinstein has denied all allegations against him and pleaded not guilty to rape and other crimes.
