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Order for Brazils Bolsonaro to wear a mask dismissed MLB stars say its time to pull Landis name off MVP plaques Harvey Weinstein Sexual Misconduct Class Action Settlement Includes $18.8M Survivors Fund © Getty

An $18.875 million settlement fund will be created as part of a deal to resolve a class action complaint against Harvey Weinstein and The Weinstein Company.

The settlement resolves a 2017 class action from women alleging Weinstein "engaged in a pattern of sexual harassment and abuse" as well as a 2018 lawsuit from the New York Attorney General's Office that alleged he created a hostile work environment and the conduct was aided and abetted by the company in violation of the state's human rights laws. 

New York Attorney General Letitia James praised the settlement on Twitter, writing, "After all the harassment, threats, and discrimination, these survivors are finally receiving some semblance of justice. I thank them for bravely sharing their stories."

Defendants still deny all allegations, but the parties agree its in everyone's interest to resolve the claims. The accusers will forever release the defendants, who include TWC board members, execs and Bob Weinstein, from claims arising from the alleged sexual misconduct and James' office will be barred from prosecuting any related action.

The insurance companies will pay out a total of more than $46.7 million as part of the global settlement.

From that, the $18.8 million settlement fund will be created and each class member can submit a form describing her experience and its effects. Tier 1 claimants will receive a payment between $7,500 and $150,000. Tier 2 claimants will receive between $7,500 and $750,000 and those claims require an interview with a special master who is assigned to evaluate them.

Separately, $5.4 million will be paid to an individual plaintiffs' settlement fund, which goes to a group of women who negotiated a separate settlement. Those women include Weinstein's former assistant Sandeep Rehal and actress Paz de la Huerta, each of whom will receive $500,000.

The proposed settlement includes a $12 million payment to defense lawyers at Seyfarth Shaw, plus additional attorneys' fees in an amount to be determined for the plaintiffs' lawyers. 

Further, "The Defendants expressly release any member of the Settlement Class from any confidentiality, non-disclosure, or non-disparagement agreement arising out of or related to any Sexual Misconduct Claims."

The settlement excludes several accusers including Ashley Judd, Rose McGowan, Alexandra Canosa, Wedil David and Dominique Huett. If any of the latter three parties votes to accept the plan they would receive $150,000 from a separate $1.5 million segregated defense fund. 

Attorneys Douglas Wigdor and Kevin Mintzer, who represent six women who accuse Weinstein of sexual misconduct, on Tuesday issued a lengthy statement decrying the deal. 

"The proposed settlement is a complete sellout of the Weinstein survivors and we are surprised that the Attorney General could somehow boast about a proposal that fails on so many different levels," it reads, in part. "While we do not begrudge any survivor who truly wants to participate in this deal, as we understand the proposed agreement, it is deeply unfair for many reasons."

The claim forms, details about what the special master will be evaluating and a press release from the attorneys at FeganScott and Hagens Berman are included in the document that's posted below. 

A New York federal judge will decide whether to grant preliminary approval of the settlement.

Here's the full statement from Wigdor and Mintzer:

"The proposed settlement is a complete sellout of the Weinstein survivors and we are surprised that the Attorney General could somehow boast about a proposal that fails on so many different levels. While we do not begrudge any survivor who truly wants to participate in this deal, as we understand the proposed agreement, it is deeply unfair for many reasons. First, Harvey Weinstein accepts no responsibility for his actions. Second, Harvey Weinstein isn’t paying any money toward the settlement despite now having been found guilty in Manhattan criminal court. Third, the director defendants, who we allege had knowledge of Weinstein’s behavior, will be receiving millions of dollars to reimburse their defense costs. Fourth, if this settlement were approved by the courts, survivors who do not wish to participate in settlement but would prefer instead to hold Harvey Weinstein accountable, will be unable to pursue the multi-billion dollar insurance companies and the directors because they will receive legal releases. And Fifth, the class action lawyers will be seeking millions of dollars in fees for an objectively unsuccessful result. We are completely astounded that the Attorney General is taking a victory lap for this unfair and inequitable proposal, and on behalf of our clients, we will be vigorously objecting in court.”

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Kanye Wests Yeezy Brand Gets Multi-Million Dollar Loan from Government Stimulus Fund

West Virginia woman pleads guilty to fleeing to Mexico with classified national security document, kidnapped daughter After 4-month delay, MLB unveils schedule Kanye Wests Yeezy Brand Gets Multi-Million Dollar Loan from Government Stimulus Fund

Kanye West's fashion company received millions worth of loans from the federal government as part of the Trump administration's $2 trillion coronavirus stimulus package designed to aid small and medium-sized businesses.

© Matt Baron/Shutterstock Kanye West

After mounting pressure to disclose which businesses received loans through the Paycheck Protection Program (PPP) established by President Donald J. Trump's CARES Act, the U.S. Treasury’s Small Business Administration released public records on Monday that list every loan.

According to the records of companies which were granted more than $150,000 in loans (which CNBC reports made up approximately 13% of the total number of loans), Yeezy LLC., West's high-end fashion label, received a loan between $2 to $5 million. The Treasury reports that the loan was filed through City National Bank and 106 jobs were saved through it.

Khloé Kardashian's Good American denim brand, which she co-owns with Emma Grede, also filed for a PPP loan. The company was expected to receive between $1 to $2 million (PEOPLE can confirm it got $1.2 million) and it is reported that 57 jobs were saved using loan. Neither Kardashian or Grede has taken a paycheck since the coronavirus pandemic began.

© Provided by People Dia Dipasupil/Getty

"Due to the dramatic global impacts of COVID-19, the Good American business took a significant hit," a brand representative for Good American told PEOPLE. "We have a large wholesale footprint and all of our partners were forced to close their stores, with many shutting down warehouses and canceling orders. Applying for and receiving the PPP loan was a necessary step we had to take to ensure the long-term survival of our brand and business. We are incredibly grateful to have received the loan as it has allowed us to maintain our employees' salaries and support our team."

The Paycheck Protection Program (PPP) set aside $349 billion in the stimulus law called the CARES Act to help small businesses keep their workers on payroll. It was intended to help companies with fewer than 500 employees, but garnered backlash when incidents were reported that larger companies received loans, including Shake Shack, which has around 189 restaurants and nearly 8,000 employees total. (Shake Shack CEO Randy Garutti and chairman Danny Meyer explained in an open letter on LinkedIn that they returned their $10 million loan.) By April the program ran out of money.

PEOPLE has reached out to Yeezy for comment.

The news comes days after West announced his plans to run for president in 2020 and his unabashed celebration of wife Kim Kardashian West's apparent billionaire status after the sale of her beauty brand, KKW, to Coty.

"I am so proud of my beautiful wife Kim Kardashian West for officially becoming a billionaire," he wrote on Twitter. "You’ve weathered the craziest storms and now God is shining on you and our family."

© Provided by People Brad Barket/Getty

West also made big business moves himself earlier this month with the announcement of a 10-year partnership with Gap to bring his YEEZY designs to consumers at an accessible price point.

The star hasn't been shy about discussing his personal wealth and claimed in April 2020 that his net worth is more than $3 billion. However, Forbes reported that between West's many assets — including Yeezy, his music label and real estate — and his debt, the 43-year-old rapper is worth $1.3 billion.

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