Time’s Up has denounced the tentative settlement that Harvey Weinstein has reached with his accusers as emblematic of “a broken system.”
“This settlement is more than a math problem – it’s a symptom of a problematic, broken system that privileges powerful abusers at the expense of survivors,” Rebecca Goldman, Time’s Up’s chief operating officer, said in a statement. “While this settlement is flawed, we know it represents the hard work of several survivors of Harvey Weinstein. We hope it brings them, and perhaps others, some small measure of justice and relief that is long overdue.”
The settlement, which was first reported by the New York Times, would offer Weinstein’s accusers about $25 million, as paid out by Weinstein’s insurance companies. Of that $25 million, $6.2 million would be split between 18 of his accusers, with no individual receiving more than $500,000. The remaining $18.5 million of that $25 million would be allocated to the accusers who are a part of — or will become a part of — the New York attorney general’s class-action lawsuit against Weinstein. A court-appointed monitor will determine how the payments are allocated, based on the harm caused to the victim.
The $25 million payouts to Weinstein’s accusers come as part of a total $47 million settlement intended to “close out the company’s obligations” for The Weinstein Company, according to the Times. If the settlement is reached, it would effectively end almost every lawsuit against Weinstein and his former company.
Weinstein’s criminal trial is scheduled to begin on Jan. 6, 2020. His bail was increased to $5 million on Wednesday.