Nearly a year after Harvey Weinstein was convicted of rape and three years after his embattled movie studio declared bankruptcy, a judge on Monday confirmed a settlement plan that would pay $17.1 million to many of the women who have accused the ex-mogul of sexual misconduct. The $35 million liquidation plan approved by a U.S. bankruptcy judge also includes a $9.7 million disbursement to cover a portion of the legal bills incurred by Weinstein Co.'s former officers and directors. New York-based Weinstein Co. filed for bankruptcy in March 2018 and later sold of most of its assets to private equity firm Lantern Capital Partners for $289 million. “This bankruptcy plan guarantees that Harvey Weinstein’s survivors will have the opportunity to be heard in a safe and confidential process,” she added. He said the proposed settlement unfairly included women who simply met Weinstein, in addition to those who were sexually assaulted by him.

Source: Los Angeles Times January 26, 2021 01:33 UTC