Disgraced Hollywood mogul Harvey Weinstein has reportedly reached a $44 million settlement with his many sexual assault accusers.
The Miramax creator reached the tentative agreement after his attorney Adam Harris spoke with a judge presiding over the case on Thursday.
“For the first time, as of yesterday,” the Wall Street Journal reports he said, “we now have an economic agreement in principle that is supported by the plaintiffs, the [New York attorney general’s] office, the defendants and all of the insurers.”
The settlement would reportedly provide approximately $30 million to plaintiffs in the wide-ranging civil suit that includes Weinstein’s alleged victims, Weinstein Co. employees and creditors who loaned the film studio money before they filed for bankruptcy. The remaining $14 million would cover the legal fees of Weinstein’s former business associates, according to the WSJ.
If the agreement is finalized, it would result in months of mediation sessions between all parties involved. But despite the settlement, Weinstein is still facing several criminal charges including rape, a criminal sex act, sex abuse and sexual misconduct for alleged incidents involving two separate women in 2013 and 2004.
Weinstein pleaded not guilty to the charges during an arraignment in New York City last year. He remains free on bail but could serve life in prison if convicted on the other charges. His trial is set for September.
Press play below for more on this story.
