Newsweek has contacted legal representatives for Weinstein, as well as the NY attorney general's office, for comment. "I personally am very optimistic, given everything the parties have been through to date that this is the right solution".
The agreement, when finalized, would provide about $30 million to the plaintiffs, which includes not only those who have sued over sexual misconduct, but also former employees of the now-defunct Weinstein Company.
The road to appeasing the many alleged victims, creditors, board members and others with claims against the Weinstein Co. has been a tortuous one.
FILE - In this October 11, 2018, file photo, Harvey Weinstein enters State Supreme Court in NY.
The settlement wouldn't resolve his criminal case.
Sources familiar with the matter, all of whom spoke on a condition of anonymity, told The Wall Street Journal that the deal has yet to be finalized but was announced in bankruptcy court in DE after a year of mediation sessions.
Mr Weinstein's team later told the Wall Street Journal that the size of the settlement would be approximately $44m.
Meghan Markle and Prince Harry's never-seen royal wedding photos
A year has passed, and yet the world still whirls with excitement from Prince Harry and Meghan Markle's iconic royal wedding. Revealing that the duchess is "great fun" and "liked a drink", Lizzie's friendship with Meghan sadly didn't go the distance.
The deal, if finalized, would resolve a civil-rights lawsuit filed by the New York Attorney-General's office previous year that accuses Weinstein Co's executives and board of failing to protect employees from a hostile work environment and Mr. Weinstein's sexual misconduct, the Journal reported.
He is said to be close to settling lawsuits brought against the television and film company co-founded by Weinstein.
Attorneys involved in the negotiations told a federal bankruptcy court judge during a hearing in Wilmington, Delaware, Thursday that a breakthrough in a still-unfinished mediation had put a settlement within reach.
"I think we are poised to get there".
The trial for those charges is slated to begin in September.
As the accusations against Mr. Weinstein mounted, his company fired him and filed for bankruptcy, and he was expelled from the Academy of Motion Picture Arts and Sciences. He has pleaded not guilty to all the charges and vehemently denied allegations of rape.