Weinstein Co. bankruptcy plan headed to a vote by accusers The judge presiding over the Weinstein Co. bankruptcy has overruled objections to a disclosure statement outlining a plan providing about $35 million for creditorsDOVER, Del. Attorneys said 65 tort claims were filed by the Oct. 31 deadline, although it’s unclear whether sexual misconduct claims account for the entire total. Company attorneys have said they will not seek approval of the plan if holders of sexual misconduct claims vote to reject it. The settlement in that purported class-action lawsuit was a key component of the initial bankruptcy plan. Holders of sexual misconduct claims would receive 100% of the liquidated value of their claims if they agree to release Weinstein from all legal claims.

Source: ABC News November 05, 2020 23:37 UTC