The attorneys and professionals in the Weinstein Co. bankruptcy case have received $26 million in fees thus far, considerably more than the $17.1 million that Harvey Weinstein’s victims will receive.
The legal bills are still coming in, and will likely exhaust the $3.3 million remaining in the company’s accounts, according to testimony from Robert Peck, the company’s former controller.
The fees represent a sizable chunk of the cost of resolving the case, but have received far less attention than the payouts to other stakeholders.
Last Monday, U.S. Bankruptcy Judge Mary Walrath approved a $35.2 million settlement, which includes the $17.1 million fund that will be paid out to more than 50 of Weinstein’s sexual misconduct accusers. The plan, which is funded by insurance policies, will also pay $9.7 million to cover defense costs for Weinstein Co. directors and officers, and $8.4 million to the company’s trade creditors, including law firms and other entertainment companies.
The legal bills are still coming in, and will likely exhaust the $3.3 million remaining in the company’s accounts, according to testimony from Robert Peck, the company’s former controller.
The fees represent a sizable chunk of the cost of resolving the case, but have received far less attention than the payouts to other stakeholders.
Last Monday, U.S. Bankruptcy Judge Mary Walrath approved a $35.2 million settlement, which includes the $17.1 million fund that will be paid out to more than 50 of Weinstein’s sexual misconduct accusers. The plan, which is funded by insurance policies, will also pay $9.7 million to cover defense costs for Weinstein Co. directors and officers, and $8.4 million to the company’s trade creditors, including law firms and other entertainment companies.
- 2/1/2021
- by Gene Maddaus
- Variety Film + TV
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