Nearly three years after the Weinstein Co. declared bankruptcy, a judge on Monday confirmed a liquidation plan that provides a $17.1 million fund for Weinstein’s sexual misconduct victims.
The plan also provides $9.7 million to the former officers and directors of the Weinstein Co., allowing them to pay a portion of their legal bills over the last several years. The directors and officers — who include Weinstein’s brother, Bob, as well as James Dolan, Tarak Ben Ammar and Lance Maerov — also received releases that absolve them of any potential liability for enabling Weinstein’s conduct.
U.S. Bankruptcy Judge Mary Walrath approved the plan after a hearing in Delaware, saying that without the settlement, Weinstein’s victims would get “minimal, if any, recovery.”
The liquidation plan wraps up a contentious and long-running legal fight over the remnants of Weinstein’s independent studio. The company collapsed in late 2017, following the disclosure of dozens of allegations of rape,...
The plan also provides $9.7 million to the former officers and directors of the Weinstein Co., allowing them to pay a portion of their legal bills over the last several years. The directors and officers — who include Weinstein’s brother, Bob, as well as James Dolan, Tarak Ben Ammar and Lance Maerov — also received releases that absolve them of any potential liability for enabling Weinstein’s conduct.
U.S. Bankruptcy Judge Mary Walrath approved the plan after a hearing in Delaware, saying that without the settlement, Weinstein’s victims would get “minimal, if any, recovery.”
The liquidation plan wraps up a contentious and long-running legal fight over the remnants of Weinstein’s independent studio. The company collapsed in late 2017, following the disclosure of dozens of allegations of rape,...
- 1/25/2021
- by Gene Maddaus
- Variety Film + TV
Similar News
AHS: Delicate Exposes a Major Betrayal Ahead of Season Finale
- 4/18/2024
- by Andy Swift
- TVLine.com
Tony Soprano Is Alive and in Witness Protection Thanks to LeBron James
- 4/17/2024
- by Alec Bojalad
- Den of Geek
Courtney Love rips holes in Taylor Swift, Madonna, more
- 4/17/2024
- by Mathew Plale
- JoBlo.com
‘A Haunted House’ and the Death of the Horror Spoof Movie
- 4/18/2024
- by Luiz H. C.
- bloody-disgusting.com
Quentin Tarantino scraps plans for 10th and final film, ‘The Movie Critic’
- 4/18/2024
- by Jordan Hoffman
- Gold Derby
‘The Gentlemen’ Stars Theo James, Kaya Scodelario & Daniel Ings Talk Prospect Of Second Season For Guy Ritchie’s Netflix Series — Contenders TV
- 4/14/2024
- by Matt Grobar
- Deadline Film + TV
From Dogma to Panic Room: more hard-to-find movies (keep your DVDs)
- 4/6/2024
- by Chris Bumbray
- JoBlo.com
Jonathan Glickman Formally Named Miramax CEO (Exclusive)
- 4/2/2024
- by Zoe G Phillips
- The Hollywood Reporter - Movie News
“Why isn’t Johnny Depp doing this movie?”: Matt Damon Couldn’t Believe a $105M Heath Ledger Movie Chose Him Over the Pirates Star
- 3/21/2024
- by Krittika Mukherjee
- FandomWire
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.