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No Delay for Weinstein Victims Trust Plan
A U.S. District Court Judge for the District of Delaware judge ruled not to grant a motion that would have stayed a liquidation plan setting aside $17 million to settle with those who have claimed sexual misconduct by former film industry executive Harvey Weinstein. David v. The Weinstein Co. Holdings LLC, 21-171.
With the motion denied, it's likely the Joint Chapter 11 Plan of Liquidation for The Weinstein Co. Holdings as laid out in bankruptcy court will now move forward, as the four appellants — who have sexual misconduct claims against Harvey Weinstein — were the only parties to object to the plan. Federal Judge Maryellen Noreika wrote the releases that spurred the appeal give a chance for those who have made sexual misconduct claims against Harvey Weinstein, including the four appellants, to get meaningful payment, as opposed to likely getting nothing in a Chapter 7 liquidation.
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