“It is true that Judge (Mary) Walrath approved the settlement plan at a hearing today,” said attorney Paul Zumbro, adding that they are “satisfied with Judge Walrath’s decision, and particularly since there is now a mechanism that allows victims receive compensation without having to endure the difficulties and uncertainties of the litigation. “
CNN contacted Elizabeth A. Fegan, an attorney for the class action claimants, for comment.
The company’s $ 35.2 million settlement plan allocates $ 17,064,525.30 for the establishment of a “Sexual Misconduct Claims Fund” and a settlement fund for the payment of sexual misconduct claims, according to court documents.
The approved plan also provides $ 9.7 million for legal costs, neither of which provides any reimbursement for any defense costs and expenses incurred by Harvey Weinstein. Another $ 8.4 million will be allocated to a settlement fund to resolve claims unrelated to sexual misconduct, the documents say.
