Nearly three years after the Weinstein Co. declared bankruptcy, a judge on Monday confirmed a liquidation plan that provides a $17.1 million fund for Weinstein’s sexual misconduct victims.

The plan also provides $9.7 million to the former officers and directors of the Weinstein Co., allowing them to pay a portion of their legal bills over the last several years. The directors and officers — who include Weinstein’s brother, Bob, as well as James Dolan, Tarak Ben Ammar and Lance Maerov — also received releases that absolve them of any potential liability for enabling Weinstein’s conduct.

U.S. Bankruptcy Judge Mary Walrath approved the plan after a hearing in Delaware, saying that without the settlement, Weinstein’s victims would get “minimal, if any, recovery.”

The liquidation plan wraps up a contentious and long-running legal fight over the remnants of Weinstein’s independent studio. The company collapsed in late 2017, following the disclosure of dozens of allegations of rape,...