Insurance would cover bulk of proposed Weinstein settlement
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The bulk of a tentative $47 million settlement of litigation against movie producer Harvey Weinstein, of which $25 million will compensate his accusers, will be paid for by insurers, plaintiff attorneys in the case said Thursday.
Coverage litigation against Mr. Weinstein was filed in New York state court last year by Chubb Ltd. units, a Zurich North America unit and Travelers Casualty and Surety Co.
The insurers were seeking rulings they were not obligated to indemnify Mr. Weinstein in connection with the numerous sexual assault and harassment charges filed against him. The Zurich and Chubb cases were subsequently moved to U.S. District Court in New York.
Spokesmen for the insurers had no comment or could not be reached for comment. A spokesman for the New York Attorney General had no comment.
Elizabeth A. Fegan, founding partner of Fegan Scott LLC in Chicago, who is the lead attorney in the class action lawsuit, said in a statement, “It is important to recognize that while there is a great deal of attention focused on the proposed settlement, it is not a final settlement and it would be inappropriate for me, or for anyone involved in the litigation, to talk about specifics.”
Thomas Giuffra, a partner with Rheingold Giuffra, Ruffo & Plotkin LLP in New York, who represents one of the plaintiffs in the case, said he is opposed to the settlement and plans to pursue litigation in the matter.
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