Harvey Weinstein, the former co-chairman and CEO of Weinstein Co. LLC, struck a tentative $44 million deal to resolve lawsuits that accused him of sexual misconduct, The Wall Street Journal reported May 23, citing sources with knowledge of the matter.
The disgraced film executive reached the deal with his accusers, his former film studio's board members and the New York attorney general's office.
The $44 million settlement reportedly includes about $30 million allocated for the plaintiffs, a broad category comprised of alleged victims, former Weinstein Co. employees and studio creditors. The deal would also cover the plaintiffs' lawyers fees, according to sources. About $14 million would be used to pay legal fees of Weinstein's associates, including his former board members who were named as defendants in lawsuits.
The proposed agreement has no effect on a criminal case pending against Weinstein in Manhattan, which charges him with rape and other sex crimes. That trial is scheduled to begin in September.