But he WON'T have to admit wrongdoing nor pay out of his own pocket Shamed Hollywood producer Harvey Weinstein has reached a tentative $25million settlement with dozens of his alleged sexual misconduct victims – however the former mogul would not have to admit any wrongdoing or pay his accusers out of his own pocket.
Following a two year legal fight, the proposed civil settlement has obtained preliminary approval from all the major parties involved, including the board of Weinstein’s now-bankrupt film studio, the New York Times reported.
The claimants – which include more than 30 actresses and former Weinstein employees that have accused him of numerous sexual offenses including rape – would share the payout equally, along with any other accusers that should come forward in the months ahead.
Weinstein is still set to be tried in Manhattan next month on charges of sexual assault involving two women.
Weinstein has repeatedly denied any non-consensual sexual activity.
The $25million in reparations would be paid by various insurance companies representing the now-bankrupt Weinstein Company, the producer's former studio.
heir $25million settlement would come as part of an overall $47million settlement to close out all of the company’s remaining obligations, Times sources say.
Weinstein is still set to be tried in Manhattan next month on charges of sexual assault involving two women. Cutting a frail figure, he appeared in court on Wednesday with a walker as a judge raised his bail from $1million to $5 million, citing several violations of his bail terms.