Harvey Weinstein’s company contract allowed him to sexually harass women — as long as he paid The Weinstein Company back for lawsuits or settlements.
According to a report obtained by gossip webloid TMZ.com, The Weinstein Co. (TWC) may have violated terms of his contract by firing him.
Weinstein’s 2015 contract, obtained by TMZ, allows for sexual harassment or any other “misconduct” that results in a paid settlement or judgment, as long as he reimbursed the company for legal settlements, along with a stiff fine.
The contract says if Weinstein “treated someone improperly in violation of the company’s Code of Conduct,” he must reimburse TWC for settlements or judgments.
Additionally, Weinstein will pay the company a fine of “$250,000 for the first such instance, $500,000 for the second such instance, $750,000 for the third such instance, and $1,000,000 for each additional instance.”
The oddly-worded contract stated that as long as Weinstein paid the judgments and massive fines, no other action would be taken against him, meaning he will not be fired.
Weinstein’s new legal team points to the language in the contract which states he will not lose his job as long as he paid what he owed.
But London’s Daily Mail reports that Weinstein might be broke.
According to the Daily Mail, Weinstein, 65, went to a crisis loan firm and borrowed $4 million. He also slashed the listing prices of his properties, including selling his mother’s house at a $600,000 discount.
The disgraced movie mogul reportedly slashed $1 million off a Hampton’s house he and wife Georgina Chapman owned together. His personal mortgage loan debts now total at least $15.5 million.
Rumor has it that Weinstein’s brother, Bob, who sits on the TWC board of directors, threw Weinstein under the bus after the company was forced to pay out eight settlements to his accusers.
If Weinstein failed to reimburse the company for the settlements, his contract would be null and void — and the company would be within its legal rights to fire him.
flew to England on Thursday to avoid arrest in the event that criminal charges are filed against him for rape is reportedly in an Arizona rehab facility for sex addiction treatment.
The NYPD and British authorities are investigating claims that Weinstein forced a college student to perform oral sex on him.
Additionally, the U.S. Justice Dept. has launched an investigation.
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