April 13, 2021 21:17

Weinstein Company to Pay $17 Million for Sex Abuse Claims

Judge Mary Walrath in Wilmington, Delaware announced her ruling approving The Weinstein Company’s liquidation plan to set aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct at the conclusion of a remote hearing, reports Reuters. She overruled an objection from a handful of women who are looking to pursue appeals of their claims outside of bankruptcy court. She noted that 83 percent of sexual misconduct claimants in the bankruptcy “have expressed very loudly that they want closure through acceptance of this plan, that they do not seek to have to go through any further litigation in order to receive some recovery, some possible recompense … although it’s clear that money will never give them that.” The Weinstein Co sold its assets to Lantern Entertainment, which later became Spyglass Media Group, for $289 million after it filed for bankruptcy in 2018. The bankruptcy was precipitated by widespread claims of sexual misconduct against company founder Harvey Weinstein, who is serving a 23-year prison term after being convicted of sexually assaulting a former production assistant and raping an actress.

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