Thursday, December 12, 2019

Harvey Weinstein Reaches $47 Million Settlement, Wiping The Civil Slate Clean

That appears to be the anticlimatic end of the #MeToo story arc, which started with Harvey Weinstein, and is set to end with a multi-million cash settlement ending effectively all civil cases against the former Hollywood mogul.

According to the WSJ, Harvey Weinstein, his former associates, insurers and accusers have all reached a nearly $47 million tentative settlement of virtually all the civil cases pending against him, about $25 million of which will compensate women who have accused the Hollywood producer of sexual misconduct.

Even better for the "Not guilty" Weinstein, the bulk of the settlement money will be paid not by him but by his insurance policies, including those held by his former studio.

While the deal will resolve all but two of the civil sexual-misconduct lawsuits and other legal claims filed against Weinstein, the settlement won't impact the criminal case brought by Manhattan prosecutors against the former producer, which is set to go to trial on January 6.

The WSJ reports that the settlement is the culmination of more than a year of negotiations, which involved countless parties, including Weinstein's lawyers, his former film studio, the New York attorney general's office, insurers and alleged victims.

1 million will fund Weinstein's defense costs to fight lawsuits against two victims who aren't participating in the settlement.

"It is shameful that $12 million of the settlement is going to the lawyers for the directors who we alleged enabled Harvey Weinstein."

https://www.zerohedge.com/political/harvey-wesintein-reaches-47-million-settlement-wiping-civil-slate-clean

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