NEW YORK — A tentative deal is near settling lawsuits introduced towards the tv and movie firm co-founded by Harvey Weinstein, who has been accused of sexual misconduct by scores of girls.
“We now have an financial settlement in principal that’s supported by the plaintiffs, the AG’s workplace, the defendants and all the insurers that, if accredited, would offer important compensation to victims, collectors and the property, and permit the events to keep away from years of expensive, time consuming and unsure litigation on all sides,” Adam Harris, a lawyer for studio co-founder Bob Weinstein, informed a chapter court docket decide in Wilmington, Delaware, on Thursday.
He cautioned that there was nonetheless “a variety of work right here to do.”
“However,” he added, “I personally am very optimistic.”
The quantity of the deal wasn’t revealed in court docket, however an individual conversant in the negotiations informed The Related Press it was price $44 million. The particular person wasn’t licensed to disclose particulars of the discussions and spoke on situation of anonymity.
The scale of the settlement was first reported by The Wall Avenue Journal.
The New York legal professional basic’s workplace declined to touch upon the quantity of the settlement.
Greater than 15 lawsuits have been filed accusing Harvey Weinstein or the corporate of misconduct. The settlement would cowl lots of them, together with a category motion by alleged victims and a swimsuit by the New York legal professional basic.
The category-action criticism accuses the corporate of working like an organized crime group to hide widespread sexual harassment and assaults.
The scandal pressured the studio into chapter 11.
Harvey Weinstein additionally faces legal costs in New York of rape and performing a forcible intercourse act. His trial is scheduled to start in September.
He denies all allegations of nonconsensual intercourse.
Related Press author Randall Chase in Dover, Delaware, contributed to this report.