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About $30 million would compensate women who have accused him of sexual misconduct as well as former employees of Weinstein Co. and studio creditors, The Wall Street Journal reports.
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But the federal judge also said the actress could proceed with the defamation part of her lawsuit against the former mega-producer.
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Weinstein's legal team unsuccessfully attempted to throw out charges of rape and sexual assault. Allegations against Weinstein from a multitude of women boosted the #MeToo movement.
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When Harvey Weinstein was arrested, it was a landmark moment for the movement known as #MeToo. But the criminal case against the former movie mogul has not been the slam dunk many people expected.
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The 50-year-old actress said that after she rebuffed the producer's sexual advances, he badmouthed her to the filmmaker of the Lord of the Rings trilogy, costing her a prime role.,
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The deal releases all those who had signed settlement deals that required them to be silent about Harvey Weinstein's alleged sexual misconduct, allowing them now to tell their stories.
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New York's attorney general filed a civil rights lawsuit against the company two weeks ago, which may have scuttled the deal. Bankruptcy may also hinder plans for a victim compensation fund.
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New York Attorney General Eric Schneiderman's lawsuit threatens to unravel a reported sale of the Weinstein Company. The suit alleges violations of "civil rights, human rights, and business laws."
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An interview with Morrissey, published by Der Spiegel in November, resulted in the singer being criticized over comments on Harvey Weinstein and Kevin Spacey, which he blamed on mischaracterization.
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It reads like an espionage thriller: Weinstein hired multiple intelligence firms, one which used agents to extract information to try to stop The New York Times from publishing an article about him.