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Weinstein Settlement

“Under the proposed settlement, the proposed class is designated to receive compensation from a fund of $18,875,000. To receive this amount, the proposed class representatives, individually and on behalf of the class, are required to disclaim any interest in the $7,295,000 that is being diverted from the settlement to the TWC estate to cover administrative and general unsecured claims. Among those unsecured creditors are Harvey and Robert Weinstein, James Dolan other Former Representatives on TWC’s board; major corporations including America Media, the BBC, CBS, Dow Jones & Company, Fox, NBC, the NFL Network, the New York Post, the New York Times, the Screen Actors Guild and The Walt Disney Company; celebrities such as Bradley Cooper, John Cusack and Meryl Streep; and some of the largest law firms in the United States, including Debevoise & Plimpton, Seyfarth Shaw and Boies Schiller Flexner. It is unclear why these persons and entities should be paid a dime while sexual assault survivors are asked to accept modest awards.”
Harvey Weinstein Settlement Collapses

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