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Harvey Weinstein Settles With Sexual Assault Accusers For $25 Million

Gettyimages | Kena Betancur
By Mike Walters

A tentative settlement has been reached between Harvey Weinstein and his accusers, and the deal includes a payout of $25 Million.

According to lawyers involved in the case, the group which includes over 30 accusers of Weinstein, have agreed to settle the case for $25 Million.

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$25 Million Settlement

Gettyimages | Kena Betancur

The deal, according to The New York Times allows Weinstein to not pay any money out of pocket himself, instead, a group of insurance agencies who represented the disgraced producer will make the payment.

The overall settlement is actually $47 Million total, but a chuck of that amount will go to legal fees. According to the agreement, lawsuits against Weinstein and the Weinstein company will be dismissed.

Genie Harrison, an attorney who is representing Sandeep Rehal, a former Weinstein assistant, told the NYT that fighting for a more favorable settlement could have left the victims with nothing.

Best Deal Possible

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According to Harrison, a combination of several legal ruling leading up to the settlement and various laws protecting boards of the company put them in a weaker bargaining position.

Also, there was fear amongst lawyers involved in the case that Weinstein may file for personal bankruptcy, which would make the case more complicated.

Harrison continued, “I don’t think there’s a markedly better deal to be made. We have really, truly done the best we can under the circumstances, and it’s important for other victims to know this, come forward and be able to get the best level of compensation we were able to get.”

A judge still needs to sign off on the settlement.

Harvey Weinstein's Bail Raised To $5 Million

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The settlement comes just a day after a New York judge upped Harvey Weinstein's bail to a $5 million cash bail, or $50 million security bond.

The judge also ordered Harvey to have no passport, not to travel outside of the U.S., and he will be required to notify the court if he intends to travels outside of New York State or Connecticut.

Harvey Weinstein is facing years behind bars after being charged by New York prosecutors with rape, criminal sex act, sex abuse and sexual misconduct for incidents involving two separate women.

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