Weinstein and His Accusers Reach Tentative $25 Million Deal
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Harvey Weinstein arriving at court in Manhattan last year.Credit...Jeenah Moon for The New York Times
By Megan Twohey and Jodi Kantor
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.
The settlement would require court approval and a final signoff by all parties. It would be paid by insurance companies representing the producer’s former studio, the Weinstein Company. Because the business is in bankruptcy proceedings, the women have had to make their claims along with its creditors. The payout to the accusers would be part of an overall $47 million settlement intended to close out the company’s obligations, according to a half-dozen lawyers, some of whom spoke about the proposed terms on the condition of anonymity.
Representatives for Mr. Weinstein declined to comment. Lawyers did not respond to requests for comment for board members and other parties.
Mr. Weinstein is scheduled to be tried in Manhattan in early January on charges of sexual assault involving two women. While his criminal prosecution has drawn public attention, the largely hidden negotiations over civil claims have been far more consequential for many of his accusers, who include women from the United States, Canada, Britain and Ireland.
More than $12 million — a quarter of the overall settlement package — would go toward some, but not all, legal costs for Mr. Weinstein; his brother, Bob; and other former members of their company’s board, the lawyers said. The board members would be insulated from future liability, and the alleged victims would drop their claims against Mr. Weinstein and other executives.
Several plaintiffs’ lawyers said Mr. Weinstein, who would avoid making a personal payout, had claimed that he might soon file for personal bankruptcy.
Katherine Kendall, 50, an actress who accused Mr. Weinstein of luring her to what she thought would be a work discussion in 1993 and then chasing her around his New York apartment while he was nude, said she was disappointed by the terms but had agreed to them partly because she didn’t want to block fellow plaintiffs from getting whatever recompense they could. “I don’t love it, but I don’t know how to go after him,” she said in an interview. “I don’t know what I can really do.”
Genie Harrison, a sexual harassment lawyer representing Sandeep Rehal, a former Weinstein assistant who is part of the proposed settlement, said that holding out for more favorable terms might have left the alleged victims empty-handed. A combination of preliminary legal rulings against various plaintiffs, laws that protect boards against liability, and previous failed settlement efforts had put the women in a weaker bargaining position.
“I don’t think there’s a markedly better deal to be made,” Ms. Harrison said. “We have really, truly done the best we can under the circumstances, and it’s important for other victims to know this, come forward and be able to get the best level of compensation we were able to get.”
The settlement would resolve lawsuits filed by dozens of women since 2017, when The New York Times exposed allegations of sexual harassment and abuse by Mr. Weinstein. Although the producer’s accusers include some of the highest-profile women in the entertainment world, such as Gwyneth Paltrow, Angelina Jolie and Salma Hayek, none have joined the proceedings. A lawsuit by the actress Ashley Judd, who has said she intends to take Mr. Weinstein to trial, would not be part of the deal.
The process has been long and complicated, involving lawyers for the women, Mr. Weinstein, his former board members, creditors, insurers and the New York attorney general’s office. Last year, when the Weinstein Company entered bankruptcy, the accusers watched a potential settlement payout dwindle from a projected $90 million victims’ fund that had been discussed as part of a possible sale of the studio. Then Eric T. Schneiderman, who as state attorney general had sued the studio and the Weinstein brothers and was steering settlement talks, resigned amid allegations that he had abused women.
Step one cleared.
He’s almost off while Cosby and Kelis Roy in jail.
Image
Harvey Weinstein arriving at court in Manhattan last year.Credit...Jeenah Moon for The New York Times
By Megan Twohey and Jodi Kantor
- Dec. 11, 2019, 2:23 p.m. ET
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.
The settlement would require court approval and a final signoff by all parties. It would be paid by insurance companies representing the producer’s former studio, the Weinstein Company. Because the business is in bankruptcy proceedings, the women have had to make their claims along with its creditors. The payout to the accusers would be part of an overall $47 million settlement intended to close out the company’s obligations, according to a half-dozen lawyers, some of whom spoke about the proposed terms on the condition of anonymity.
Representatives for Mr. Weinstein declined to comment. Lawyers did not respond to requests for comment for board members and other parties.
Mr. Weinstein is scheduled to be tried in Manhattan in early January on charges of sexual assault involving two women. While his criminal prosecution has drawn public attention, the largely hidden negotiations over civil claims have been far more consequential for many of his accusers, who include women from the United States, Canada, Britain and Ireland.
More than $12 million — a quarter of the overall settlement package — would go toward some, but not all, legal costs for Mr. Weinstein; his brother, Bob; and other former members of their company’s board, the lawyers said. The board members would be insulated from future liability, and the alleged victims would drop their claims against Mr. Weinstein and other executives.
Several plaintiffs’ lawyers said Mr. Weinstein, who would avoid making a personal payout, had claimed that he might soon file for personal bankruptcy.
Katherine Kendall, 50, an actress who accused Mr. Weinstein of luring her to what she thought would be a work discussion in 1993 and then chasing her around his New York apartment while he was nude, said she was disappointed by the terms but had agreed to them partly because she didn’t want to block fellow plaintiffs from getting whatever recompense they could. “I don’t love it, but I don’t know how to go after him,” she said in an interview. “I don’t know what I can really do.”
Genie Harrison, a sexual harassment lawyer representing Sandeep Rehal, a former Weinstein assistant who is part of the proposed settlement, said that holding out for more favorable terms might have left the alleged victims empty-handed. A combination of preliminary legal rulings against various plaintiffs, laws that protect boards against liability, and previous failed settlement efforts had put the women in a weaker bargaining position.
“I don’t think there’s a markedly better deal to be made,” Ms. Harrison said. “We have really, truly done the best we can under the circumstances, and it’s important for other victims to know this, come forward and be able to get the best level of compensation we were able to get.”
The settlement would resolve lawsuits filed by dozens of women since 2017, when The New York Times exposed allegations of sexual harassment and abuse by Mr. Weinstein. Although the producer’s accusers include some of the highest-profile women in the entertainment world, such as Gwyneth Paltrow, Angelina Jolie and Salma Hayek, none have joined the proceedings. A lawsuit by the actress Ashley Judd, who has said she intends to take Mr. Weinstein to trial, would not be part of the deal.
The process has been long and complicated, involving lawyers for the women, Mr. Weinstein, his former board members, creditors, insurers and the New York attorney general’s office. Last year, when the Weinstein Company entered bankruptcy, the accusers watched a potential settlement payout dwindle from a projected $90 million victims’ fund that had been discussed as part of a possible sale of the studio. Then Eric T. Schneiderman, who as state attorney general had sued the studio and the Weinstein brothers and was steering settlement talks, resigned amid allegations that he had abused women.
Step one cleared. He’s almost off while Cosby and Kelis Roy in jail.
can't really fault him since he knew how it'll go down without writing that check. When you have money like that this is the only way of avoiding jail time.
