(CNN) A US bankruptcy judge has approved a Weinstein Company liquidation plan that allocates over $17 million for Harvey Weinstein's sexual harassment and assault victims, an attorney for the Weinstein Company confirmed to CNN Monday. CNN has reached out to Elizabeth A. Fegan, an attorney for the class action plaintiffs, for comment. The Weinstein Company Holdings LLC and 54 affiliate companies previously filed for Chapter 11 bankruptcy in March 2018 and were later sold to Lantern Capital, a Dallas-based private equity firm, for $310 million. The company also said at the time that it would release victims of, and witnesses to, Weinstein's alleged misconduct from any nondisclosure agreements. The company's $35.2 million liquidation plan allocates $17,064,525.30 for the establishment of a "Sexual Misconduct Claims Fund" and a liquidation trust for the payment of sexual misconduct claims, according to court documents.

Source: CNN January 26, 2021 05:15 UTC