Harvey Weinstein, the Hollywood mogul accused of sexual misconduct stretching back decades, has reached a tentative $44 million deal to settle civil lawsuits by alleged victims, according to WNBC.
A source familiar with the deal said that $30 million would go to plaintiffs including alleged victims, employees and creditors of Weinstein's now-defunct film studio — The Weinstein Company. The remaining $14 million would be used to pay legal fees for Weinstein's associates named as defendants in the lawsuits.
The New York Times and The Wall Street Journal first reported Weinstein's proposed settlement deal on Thursday.
Insurance policies would cover the amount if the deal is finalized, according to the source. The agreement is pending approval from advisors in charge of The Weinstein Company's bankruptcy proceedings, the Journal and the Times reported.
Weinstein was publicly accused by dozens of women — including actresses Ashley Judd and Uma Thurman — of sexual misconduct. The studio he founded with his brother filed for bankruptcy in March last year after facing mounting debt and lawsuits.
The proposed $44 million deal, if finalized, would resolve civil lawsuits filed by multiple women against Weinstein and his associates. The agreement would also settle a lawsuit by the New York attorney general's office against The Weinstein Company, according to the Times and the Journal.
But the deal wouldn't affect criminal charges against Weinstein that include rape and other sex crimes. A trial for that case has been scheduled for September. Weinstein has pleaded not guilty.