“It is true that Judge (Mary) Walrath approved the settlement plan today during a trial,” said attorney Paul Zumbro, adding that they were “satisfied with Judge Walrath’s ruling, and especially because there is now a mechanism that allow the victims to receive compensation without enduring the hardships and uncertainties of litigation. ‘
CNN has sued Elizabeth A. Fegan, a lawyer for the plaintiffs’ plaintiffs, for comment.
According to court documents, the company’s $ 35.2 million liquidation plan calls for $ 17,064,525.30 for the establishment of a ‘Sexual Misconduct Fund’ and a liquidation trust for the payment of sexual misconduct claims.
The approved plan also provides $ 9.7 million for legal costs, and no compensation for the defense costs and expenses incurred by Harvey Weinstein. An additional $ 8.4 million will be allocated to a liquidation trust to settle claims not related to sexual misconduct, the documents read.
