Weinstein Settles With Accusers For $47 Million

The disgraced Hollywood mogul Harvey Weinstein has finally reached a court settlement with his many accusers. According to reports, Weinstein has reached a tentative $47 million settlement. This settlement would put an end to the many legal battles that Weinstein has been facing in civil court.

While Weinstein does have considerable resources, the cost of this settlement will be shouldered by the various insurance firms of Weinstein Co. Roughly a third of the money will go to lawyers, but the deal still must be approved by the courts before it’s final.

According to a New York Times Report, Weinstein won’t be admitting any wrongdoing in this version of the deal, or paying anything from his own pockets. The money would be split by 30 different accusers.

The Insurance Journal released a statement from several of the accusers legal council. “We reject the notion that this was the best settlement that could have been achieved on behalf of the victims. While we don’t begrudge victims who want to settle, we plan to vigorously object to any provision that tries to bind victims who want to proceed with holding Harvey Weinstein accountable for his actions which is exactly what we intend to do.”

The reality is that it will still be several months before all of the legality surrounding Weinstein and the accusations against him is settled. This reported settlement would be a solid step in the direction of putting this in the past, but nothing is set in stone as of yet.

Sources:
https://www.insurancejournal.com/news/national/2019/12/12/550993.htm

About Katie Rosario

Katie has been in the marketing industry for over 10 years and has a strong passion for writing great content. She has been writing for TGS Insurance for three years and strives to make every piece of content she works on informative and easy to read. In her spare time, she enjoys baking and spending time with her family.

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