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New Weinstein Settlement Proposal Cuts Victim Payout by $7 Million

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variety.com

Gene Maddaus Senior Media WriterThe Weinstein Co. bankruptcy estate has offered a new settlement proposal that would reduce the payout to Harvey Weinstein’s sexual misconduct victims by $7.2 million.Under the new terms, Weinstein’s victims and their attorneys would receive $17.1 million — down from $24.3 million in a deal that was rejected in July.The bankruptcy professionals are scrambling to salvage the global settlement that was torpedoed by Judge Alvin Hellerstein’s ruling that the sexual harassment and assault case was not suitable for a class action.The Weinstein Co.

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