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Weinstein's film studio agrees to pay $24m in settlements to victims

By Caoimhe Toman

Date: Wednesday 01 Jul 2020

Weinstein's film studio agrees to pay $24m in settlements to victims

(Sharecast News) - Harvey Weinstein's bankrupt film studio agreed to pay a $47m settlement that will allocate over $20m towards dozens of victims who accused the film mogul of sexual assault and harassment.
The deal, which will settle lawsuits filed by the New York attorney-general as well as individual women, allocates more than $12m towards paying the legal fees for the Weinstein Company defendants, $7m for creditors and $24m towards Weinstein's accusers, reported the Financial Times on Wednesday.

The Weinstein Company's insurers are covering the settlement costs.

The deal also releases accusers from any non-disclosure agreements with the Weinstein Company, but also does not mean that the defendants are "admitting any wrongdoing, liability, faulty or violation of law".

Tuesday's agreement is unrelated to the case that found Weinstein guilty of sexual assault and third-degree rape, which landed him a prison sentence for 23 years.

Some accusers rejected the settlement, including actress Wedil David, who accused Weinstein of rape. Her lawyer, Douglas Wigdor, called the settlement a "complete sellout".

Weinsten also faces criminal charges in Los Angeles but has denied the charges.

His lawyer Imran Ansari said Weinstein "remains intently focused in defending himself on all remaining legal matters, including the appeal of his criminal conviction, civil lawsuits, and the charges filed against him in LA."

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