Bankruptcy judge refuses to halt Weinstein Co. plan - News Summed Up

Bankruptcy judge refuses to halt Weinstein Co. plan


The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct to put her approval of the company’s bankruptcy plan on holdWILMINGTON, Del. -- The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct to put her approval of the company’s bankruptcy plan on hold. According to a bankruptcy court filing, the plan has been “substantially consummated,” with an effective date of Thursday. The settlement in that purported class-action lawsuit was a key component of the initial bankruptcy plan. Holders of sexual misconduct claims will receive 100% of the liquidated value of their claims if they agree to release Harvey Weinstein from all legal claims.


Source: ABC News February 20, 2021 23:26 UTC



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