Harvey Weinstein Reaches 'Tentative' $36M Settlement With Accusers
Disgraced movie mogul Harvey Weinstein and the board of his bankrupt film studio have reached a 'tentative' US$25 million settlement agreement with dozens of his alleged sexual assault victims, the New York Times reports.
Under the deal, Weinstein is not required to admit wrongdoing or pay anything to the accusers out of his own pocket.
It would instead be paid by insurance companies representing the producer’s former studio, the Weinstein Company.
While the legal settlement is said to have received preliminary approval from all major parties involved, it still needs a final green light from the courts.
More than 30 actresses and former employees have accused Weinstein of offences ranging from sexual assault to rape.
Under the reported deal, eighteen accusers would share $6.2 million -- nine million Aussie dollars -- with no individual receiving more than $500,000.
Separately, US$18.5 million would be set aside for those who were part of a class-action case.
The payments would be decided by the court based on the severity of the harm caused, the New York Times reports.
The settlement would end nearly every such lawsuit against him and his former company.
"I don’t think there’s a markedly better deal to be made," lawyer for one of the victims Genie Harrison told the publication.
"We have really, truly done the best we can under the circumstances, and it’s important for other victims to know this, come forward and be able to get the best level of compensation we were able to get".
Weinstein's lawyers are yet to confirm the settlement.
The 67-year-old is due to be tried in Manhattan next month accused of sexually assaulting two women.
He has pleaded not guilty to charges he raped a woman in a Manhattan hotel room in 2013 and forced a sex act on a different woman in 2006.
On Thursday, the former film producer had his bail increased from US$1 million to US$5 million --7.3 million Aussie dollars over allegations he violated bail conditions.
He was accused of leaving a piece of his ankle monitor, which keeps the bracelet activate, at home. Judge James Burke rejected prosecution calls to throw him in jail.
Weinstein arrived with a walker and is said to be undergoing back surgery later this week.