Hollywood film mogul Harvey Weinstein has reached a tentative deal worth about $44 million with women who have accused him of sexual misconduct, it is understood. The settlement would cover many of them, including a class action by alleged victims that accuses the film company of operating like an organized crime group to hide widespread sexual harassment and assaults.
If the settlement is approved, it will not clear Weinstein of the criminal charges he still faces in NY for allegations of rape and performing a forcible sex act.
Harvey Weinstein has reached a settlement with the women who have accused him of sexual assault.
"We now have an economic agreement in principle that's supported by the plaintiffs, the [New York attorney general's office], the defendants and all the insurers", Adam Harris, a lawyer for Weinstein Company co-founder Bob Weinstein, reportedly told Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Delaware.
The proposed deal would pay the women $30 million, reserving $14 million to cover legal fees, according to a source familiar with the negotiations who spoke to NBC on condition of anonymity.
The amount of the deal was not revealed in court, but it's understood be about $44m (£35 million).
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A bankruptcy judge will decide on whether to approve the settlement June 4.
The settlement would have no impact on Weinstein's pending criminal trial. A trial in that case has been scheduled for September.
A representative for Mr Weinstein and Weinstein Company did not immediately respond to request for comment.
He denies all allegations of non-consensual sex.
The proposed $44 million settlement, which was announced in bankruptcy court in DE, earmarks $30 million for the plaintiffs, including women who have accused him and Weinstein Co. employees.
If finalized, the deal would also settle a civil-rights lawsuit the NY attorney general's office filed previous year that blames the Weinstein Company's executives and board for not protecting employees from a hostile working environment, sources told The Wall Street Journal.