According to the Wall Street Journal, the deal was reached on Thursday following negotiations between Weinstein, his accusers, his former film studio's board members and the New York attorney general's office.
The deal would resolve lawsuits and compensate alleged victims of the Hollywood producer.
If finalized, it would also resolve a civil rights lawsuit filed by the New York attorney general's office last year that accuses Weinstein Co's executives and board of failing to protect employees from a hostile work environment and Weinstein's sexual misconduct, according to the Journal.
The $44million includes about $30million allocated to cover lawyer fees for plaintiffs. But it's unclear which alleged victims those are.
About $14million would be used to pay legal fees of Weinstein’s associates, including his former board members who were named as defendants in lawsuits.
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