Weinstein denies all allegations of nonconsensual sex.
The settlement, the outlets report, would call for $30 million to be paid to a wide pool of plaintiffs - who include Weinstein's sexual misconduct accusers, his former employees, and creditors for his now defunct studio - as well as all of the legal fees associated with those plaintiffs.
Weinstein attorney Adam Harris told a federal bankruptcy court in Delaware Thursday that Weinstein and his former studio had reached an agreement "in principle", although the deal has yet to be finalized.
Bob Weinstein is a co-founder of Weinstein Company and brother to Harvey Weinstein.
If the settlement is actually agreed upon, it won't let Weinstein off the hook in the criminal case that's reportedly pending against Weinstein in New York City, but it would settle all of the multiple civil suits that have been filed against him for alleged misconduct going back decades.
"But", he added, "I personally am very optimistic".
The criminal charges facing Weinstein involve two women and span almost a decade from 2004 to 2003.
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Harvey Weinstein is set to go on trial on September 9 on two counts of predatory sexual assault, one count of criminal sexual act in the first degree, and one count each of first-degree rape and third-degree rape.
Harvey Weinstein also faces criminal charges of rape and performing a forcible sex act.
The proposed sum is less than half of what was initially discussed as a victims' fund as part of conversations a year ago between an investor group that was interested in buying assets of the Weinstein Company and Eric T. Schneiderman, who was then New York's attorney general.
The Wall Street Journal, ABC News and The New York Times all reported the settlement. Elizabeth Fegan, an attorney who represents Weinstein accusers in a class action case, declined to comment on that figure.
But at least Weinstein has to open up his wallet, right?
Weinstein and his former film company's board members reportedly reached a tentative settlement for lawsuits involving allegations of sexual violence and misconduct from scores of women.
The WSJ reports the $44 million payouts will not affect Weinstein's pending sexual misconduct case.