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Nikolas Cruz could be worth hundreds of thousands of dollars, his public defender said Wednesday, hours before the Florida school shooter was slated to appear at a hearing to determine if taxpayers will fund his defense.Attorney Howard Finkelstein said the probate case involving his late mother's estate has moved slowly, so Cruz's exact net worth cannot be determined, but Cruz has one or two annuities.A statement shows one annuity included a deposit of more than ,000 into Cruz's account. If that's an annual deposit, it won't mean much, but if it's a monthly payout, Nikolas Cruz and his brother, Zachary, could have as much as million in the bank, Finkelstein said. 684
NEW YORK (AP) — A tentative deal has been reached to settle multiple lawsuits brought against the television and film company co-founded by Harvey Weinstein, who has been accused of sexual misconduct by scores of women.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.The amount of the deal wasn't revealed in court, but a person familiar with the negotiations told The Associated Press it was worth million. The person wasn't authorized to reveal details of the discussions and spoke on condition of anonymity."We now have an economic agreement in principal that is supported by the plaintiffs, the (New York attorney general's) office, the defendants and all of the insurers that, if approved, would provide significant compensation to victims, creditors and the estate and allow the parties to avoid years of costly, time consuming and uncertain litigation on all sides," Adam Harris, a lawyer for studio co-founder Bob Weinstein, told the judge.He cautioned that there was still "a lot of work here to do.""But," he added, "I personally am very optimistic."The size of the settlement was first reported by The Wall Street Journal.More than 15 lawsuits have been filed accusing Harvey Weinstein or the company of misconduct. The settlement would cover many of them, including a class action by alleged victims that accuses the film company of operating like an organized crime group to conceal widespread sexual harassment and assaults.It would also resolve a civil suit by the New York attorney general alleging that Harvey Weinstein's media company, in enabling his mistreatment of women, violated labor laws.The New York attorney general's office declined to comment on the amount of the settlement.Any settlement would need to be approved by the courts.Harvey Weinstein also faces criminal charges in New York of rape and performing a forcible sex act. His trial is scheduled to begin in September. The settlement wouldn't resolve his criminal case.Weinstein denies all allegations of nonconsensual sex.An attorney who represents unsecured creditors in the bankruptcy of the Weinstein film studio, Robert Feinstein, told U.S. Bankruptcy Court Judge Mary Walrath that mediation talks that had broken down a few months ago had recently been restarted.A global settlement of the class action lawsuit and all other legal action against the Weinstein Co. seemed to become possible only in the past few days, he said, though he cautioned that many details remained to be resolved."I think we are poised to get there. I can't assure the court that we will," he said.Harris said the settlement was complex due to the number of claims, and insurance companies, involved."We're dealing with potential claims here that go back . more than 25 years," he said, adding that the nature of the allegations had also made for "a highly charged environment, with very strong feelings on all sides."___Associated Press writer Randall Chase in Dover, Delaware, contributed to this report. 3151
NEW: Biden Campaign Manager Jen O’Malley Dillon says, “The president’s statement tonight about trying to shut down the counting of duly cast ballots was outrageous, unprecedented, and incorrect.” pic.twitter.com/dysSKDtk1c— Yamiche Alcindor (@Yamiche) November 4, 2020 276
NEW YORK (AP) — In a litmus test for American moviegoing in the pandemic, Christopher Nolan’s “Tenet” brought in an estimated .2 million through the holiday weekend in U.S. and Canadian theaters. The result could be greeted as either the rejuvenation of U.S. cinemas — more Americans went to the movies this weekend than they have in nearly six months — or a reflection of drastically lowered standards for Hollywood’s top blockbusters given the circumstances. About 70% of U.S. movie theaters are currently open. Those in the country’s top markets, Los Angeles and New York, remain closed. Warner Bros. has emphasized that the usual opening-weekend calculus is out the window. Few onlookers felt it was possible to gauge how “Tenet” would open. The film, which cost 0 million to make and at least 0 million to market, will need to get close to 0 million to break even.The Walt Disney Co. also debut its 0 million live-action “Mulan” remake, but did so in a on-demand purchase for Disney+ subscribers. 1028
NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500