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Under the deal, Weinstein is not required to admit wrongdoing or pay anything to accusers himself.
The legal settlement requires court approval and a final sign-off from all parties.
The actresses and former Weinstein employees have collectively accused Weinstein of sexual harassment, misconduct, and rape.
Payments will be decided by the court based on the severity of the harm caused.
If finalized, the agreement would settle almost all of the current lawsuits against Weinstein and his former company.
The $25 million will bepaid by insurance companiesrepresenting the Weinstein Company, which is actively in bankruptcy proceedings.
According to several plaintiffs lawyers, Weinstein claimed he may file for personal bankruptcy.
The former movie producer isscheduled to be triedin Manhattan in January.
The proposed settlement is different from thecriminal casethat landed Weinstein back in court today.
Canosa will not accept the proposed settlement, he said.
I really cant figure out, he told Vulture.
It just seems so wrong.
