Chapter decide refuses to halt Weinstein Co. plan | Space enterprise
WILMINGTON, Del. (AP) — The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct to put her approval of the company’s bankruptcy plan on hold.
The judge issued a one-page order Wednesday denying the request for an emergency stay while the women challenge approval of the plan in federal district court in Delaware.
Attorneys for the four women responded Friday by asking the district court to put the plan confirmation on hold while it considers their appeal.
According to a bankruptcy court filing, the plan has been “substantially consummated,” with an effective date of Thursday.
The plan is being challenged by producer Alexandra Canosa and actresses Wedil David and Dominique Huett, who have accused Weinstein of sexual assault, and a former Weinstein Co. employee who claims she was subjected to a hostile work environment.
Attorneys for the objectors say the plan includes overly broad releases from liability for third parties such as insurance companies and former Weinstein Co. officers and directors. They also argue that it contains a provision that unfairly prevents non-consenting sexual misconduct claimants from pursuing their claims.
The bankruptcy plan provides about $35 million for creditors. That’s about $11.5 million less than under a previous plan, which was scrapped after a federal judge in New York refused to approve a proposed $19 million settlement between Weinstein and some of his accusers. The settlement in that purported class-action lawsuit was a key component of the initial bankruptcy plan.