Harvey Weinstein and his former studio’s board members have reached a tentative $44 million deal to resolve lawsuits by women who accused him of sexual misconduct and the New York State attorney general, according to two people briefed on the matter.
Under the proposed terms, about $30 million would go to a pool of plaintiffs that includes alleged victims, creditors of Mr. Weinstein’s former studio and some former employees, according to the people briefed on the matter, who spoke on the condition of anonymity because the agreement was private. The balance would go to legal fees for associates of Mr. Weinstein, including board members named as defendants in lawsuits.
Insurance policies would cover the $44 million if the deal is finalized. The Wall Street Journal was first to report the tentative deal, which must be approved by advisers in charge of the former Weinstein Company’s bankruptcy proceedings.
Mr. Weinstein did not return calls for comment. A spokeswoman for the office of the New York State attorney general declined to comment.
Lawyers for women who say they were victims of Mr. Weinstein have been in mediation since last year with representatives for the former studio mogul. Also involved in the talks were lawyers for the former board members and the New York attorney general’s office, which last year sued Mr. Weinstein and his brother and business partner, Bob Weinstein, for violating state and city laws barring gender discrimination, sexual harassment, sexual abuse and coercion. The goal was to reach a settlement that would cover all of the suits pending against the former Hollywood mogul, his now-defunct movie studio and associates.
Harvey Weinstein also faces criminal charges in New York and has pleaded not guilty. The indictment against Mr. Weinstein, 67, charges him with raping one woman at a Manhattan hotel in 2013 and forcing another to let him perform oral sex on her at his townhouse in 2006.
Mr. Weinstein, released on $1 million bail, has said the encounters were consensual.
The Weinstein Company, the Hollywood studio founded by Mr. Weinstein and his brother, filed for bankruptcy in March 2018 after dozens of women publicly accused Mr. Weinstein, its former chief executive, of sexual misconduct and assault dating back decades. The movie and television studio, once known for Oscar-winning films like “The King’s Speech” and “The Artist,” had less than $500,000 in cash at the time and was facing a mountain of debt and a swelling number of lawsuits, including the one by New York’s attorney general.
This is a developing story and will be updated.