A Delaware judge Tuesday denied a motion by some victims of jailed former mogul Harvey Weinstein to convert The Weinstein Company’s bankruptcy proceeding from Chapter 11 to Chapter 7, allowing the long process to move forward. Chapter 7 can dispense with classes of creditors – of which abuse victims are one in this case — and allow individuals to pursue claims separately.
The attorney representing nine victims argued at a hearing this morning that the Chapter 11 plan so far encompasses much too large a group of abuse claimants — possibly in the thousands — with too wide a range of claims from rape to workplace intimidation. That would dilute recovery of the $17 million allocated for sexual misconduct for those who had suffered the most. It would also deprive them of an ability to bring their case to a jury.
The lawyer for creditors, flanked by a representative of the New York U.S. District Attorney’s office,...
The attorney representing nine victims argued at a hearing this morning that the Chapter 11 plan so far encompasses much too large a group of abuse claimants — possibly in the thousands — with too wide a range of claims from rape to workplace intimidation. That would dilute recovery of the $17 million allocated for sexual misconduct for those who had suffered the most. It would also deprive them of an ability to bring their case to a jury.
The lawyer for creditors, flanked by a representative of the New York U.S. District Attorney’s office,...
- 10/20/2020
- by Jill Goldsmith
- Deadline Film + TV
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