Harvey Weinstein Reportedly Has Reached a $44 Million Settlement to End His Sexual Misconduct Lawsuits

Illustration for article titled Harvey Weinstein Reportedly Has Reached a $44 Million Settlement to End His Sexual Misconduct Lawsuits
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Harvey Weinstein has reportedly reached a $44 million deal to end the numerous lawsuits filed by women who have accused him of sexual misconduct and assault.

The settlement, which would cover many of the more than dozen lawsuits filed against Weinstein and his former company, was negotiated with his victims, the board members of his former film studio, and the New York attorney general’s office. Weinstein is still facing numerous criminal charges, including rape and sexual assault. He is expected to go to trial in June.

It’s unclear how much of the settlement will actually go to his victims. Here are more details of the settlement, per the New York Times:

Under the proposed terms of the new deal, about $30 million would go to a pool of plaintiffs that includes alleged victims, creditors of Mr. Weinstein’s former studio and some former employees, according to the people briefed on the matter, who spoke on the condition of anonymity because the agreement was private. The balance would go to legal fees for associates of Mr. Weinstein, including board members named as defendants in lawsuits.

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According to the New York Times, the settlement would be completely covered by insurance policies. While $44 million is an objectively large amount of money, it’s less than half of an initial victims’ fund that was proposed last year as part of the planned sale of Weinstein’s company. That deal ultimately ended up falling apart.

Senior reporter, Jezebel

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DISCUSSION

thehighwomaninthecastle
The High Woman In The Castle

I can’t believe I’m about to stand up for insurance companies, but here we are.

The same shit happened with Penn State. Rather than touch the billion dollar endowment or Graham Spanier’s seven figure salary, Penn State had their INSURANCE COMPANY pay out damages from the Sandusky mess. For once, I supported that insurance company’s objections to paying out claims.

Insurance is for when you get hit by a bus or a hurricane destroys your house. It is NOT for you to go on a crime spree! I lose my car insurance the minute I drive past “Road Closed” signs on a construction site. Can insurance experts weigh on why the same principle doesn’t apply to people who intentionally commit heinous, illegal acts? How much of this arrangement with the insurance company is due to the Weinstein Company having no money? Why can’t Harvey pay out personally?

As long as insurance companies are the safety net for this shit, how are wealthy, powerful people ever going to truly suffer for the consequences of their actions?