NEW YORK CITY — Harvey Weinstein and dozens of people who accused him of sexual misconduct reached a tentative $25 million deal that does not require the disgraced Hollywood producer to admit to wrongdoing or pay any cash out of pocket, The New York Times reports.
The proposed settlement was approved by Weinstein’s bankrupt studio and more than 30 actresses and former employees who accused the mogul of sexual harassment and rape, lawyers told the Times on Wednesday.
The payout would come from a $47 million settlement intended to close out the Weinstein Company’s obligations as it enters into bankruptcy, according to the New York Times.
The settlement still needs to be approved in court and get a final signoff from all parties.
Weinstein has been accused of sexual harassment by some of Hollywood’s biggest stars. Both Gwyneth Paltrow and Angelina Jolie said he made sexual advances they feared to refuse at the risk he would torpedo their careers.
Actress and plaintiff Katherine Kendall, 50, told the New York Times she was disappointed by the settlement but didn’t want to stop her fellow accusers from pursuing it.
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