Harvey Weinstein seems to be in the headlines again, regarding his 19-month ongoing trial of him accused of his sexual misconduct in the entertainment industry. This time the questions are revolved around the “agreed” settlement of $44m to the parties involved within this investigation for Mr Weinstein’s misconduct.
Recently it was made apparent that by The Wall Street Journal and reporter Corrinne Ramey, highlighted the conditions of the settlement; and to which parties the money was going to. It was revealed that of the $44m settlement to be paid, $30m was to be paid to the victims which had accused Weinstein of sexual misconduct. Although many of alleged accusers to Weinstein have claimed that they haven’t agreed to this settlement such as Ashely Judd, who is adamant on pursuing the case with Weinstein to trial; as her lawsuit is independent of this settlement.
The other $14m, is raising speculation and controversy given that this is to be paid to the defence team for Weinstein’s case. What seems to be confusing regarding this settlement is that it’s s to be paid out of the insurance policies held by Weinstein Co. and Miramax (both founded by Weinstein). Therefore, it will mean that the settlement rather than be paid by Weinstein will be fully provided by the companies insurance policies, in other words this means that Weinstein will avoid full liability regarding this initial settlement
It’s even more controversial, due to the possibility that Weinstein may even profit from this payment of the settlement, via the insurance policies. As the $14m will be payable out of the settlement which is intended for Weinstein’s defence team, will be provided by the insurance policies of Weinstein Company, rather than Weinstein himself. This indicates that insurance policy will bail Weinstein out of paying for an agreed settlement which his defence team advocated for.
Recently it was made apparent that by The Wall Street Journal and reporter Corrinne Ramey, highlighted the conditions of the settlement; and to which parties the money was going to. It was revealed that of the $44m settlement to be paid, $30m was to be paid to the victims which had accused Weinstein of sexual misconduct. The other $14m, is raising speculation and controversy given that this is to be paid to the defence team for Weinstein’s case. What seems to be confusing regarding this settlement is that its to be paid out of the insurance policies held by Weinstein Co. and Miramax (both founded by Weinstein). Therefore, it will mean that the settlement rather than being paid by Harvey Weinstein himself will be compensated by the firm.
Looking at this further it raises questions on the sense of justice being given out, if this settlement is put forward. Would it be justifiable if the alleged sexual misconduct is swept aside by a payment, even more because it’s not agreed by the victims, but only by Weinstein’s defence team. Nonetheless going forward with Weinstein’s case will always have ongoing controversy.
