Bankruptcy Judge Approves Weinstein Co. Plan With $17M for Sex Abuse Claims By Maria Chutchian | January 26, 2021
A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co.’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct.
Judge Mary Walrath in Wilmington, Delaware announced her ruling at the conclusion of a remote hearing. 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% 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.”
A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co's liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct.
Accusers Must Abandon Lawsuits Against Harvey Weinstein to Receive Full Monetary Settlement
On 1/26/21 at 4:55 PM EST
Women who accused Hollywood producer Harvey Weinstein of sexual misconduct can receive monetary settlements but they will receive the full amount of their claims only if they agree to not sue Weinstein in another court.
According to a revised Weinstein Co. bankruptcy plan, claim holders will receive 100 percent of the liquidated value of their claims if they release Weinstein from all legal claims, meaning they can never take their cases to court again. Those who refuse to drop their claims will receive only 25 percent of the total determined value of their claim.
By Maria Chutchian Jan 25 (Reuters) - A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co's liquidation plan, which sets aside $17 milli.