An $18.875 million settlement fund will be created as part of a deal to resolve a class action complaint against Harvey Weinstein and The Weinstein Company.
The settlement resolves a series of civil suits alleging Weinstein “engaged in a pattern of sexual harassment and abuse” as well as a lawsuit from the New York Attorney General’s Office that alleged he created a hostile work environment and the conduct was aided and abetted by the company in violation of the state’s human rights laws.
New York Attorney General Letitia James praised the settlement on Twitter, writing, “After all the harassment, threats, and discrimination, these survivors are finally receiving some semblance of justice. I thank them for bravely sharing their stories.”
Defendants still deny all allegations, but the parties agree its in everyone’s interest to resolve the claims. The accusers will forever release the defendants, who include TWC board members, execs and Bob Weinstein, from claims arising from the alleged sexual misconduct and the New York AG will be barred from prosecuting any related action.
The insurance companies will pay out a total of more than $46.7 million as part of the global settlement.
The $18.8 million settlement fund will be created and each class member can submit a form describing her experience and its effects. Tier 1 claimants will receive a payment between $7.500 and $150,000. Tier 2 claimants will receive between $7,500 and $750,000 and those claims require an interview with a special master who is assigned to evaluate them.
Separately, $5.4 million will be diverted to an individual plaintiffs’ settlement fund, which goes to a group of women who negotiated a separate settlement. Those women include Weinstein’s former assistant Sandeep Rehal and actress Paz de la Huerta, each of whom will receive $500,000.
Attorneys fee’s will also be paid out of the settlement fund, including a proposed $12 million payment to defense lawyers at Seyfarth Shaw.
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Written By: Tommy Lightfoot Garrett
Photographs are Courtesy: AP
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