Weinstein, Studio Reach Tentative $25M Settlement

The New York Times reports:

After two years of legal wrangling, Harvey Weinstein and the board of his bankrupt film studio have reached a tentative $25 million settlement agreement with dozens of his alleged sexual misconduct victims, a deal that would not require the Hollywood producer to admit wrongdoing or pay anything to his accusers himself, according to lawyers involved in the negotiations. The settlement would require court approval.

The proposed global legal settlement has gotten preliminary approval from all the major parties involved, according to several of the lawyers.

More than 30 actresses and former Weinstein employees, who in lawsuits have accused Mr. Weinstein of offenses ranging from sexual harassment to rape, would share in the payout — along with potential claimants who could join in coming months. The deal would bring to an end nearly every such lawsuit against him and his former company. It would be paid by insurance companies representing the producer’s former studio, the Weinstein Company.