Presenter of the award and Vice Principals star Walton Goggins accepted the award on the 39-year-old's behalf.
Of the five women, four were Franco's students from an acting school that he ran for a while.
Violet Paley, who was among the firsts to accuse Franco, said during a consensual relationship, he once pressured her to perform oral sex in a auto and that the "power dynamic was really off". After you had already been caught doing that to a different 17 year old?
Thursday morning, Franco was accused of sexual misconduct by five women in the L.A. Times.
In April 2016, Paley wanted to give him a birthday card, and he invited her to the set of a student film he was working on, she said. She told the LA Times that she had asked Franco "can we do this later?", but that "he was kind of nudging my head down, and I just didn't want him to hate me, so I did it".
Only time will tell if these allegations will derail Franco's career, the way they have men like Harvey Weinstein and Kevin Spacey.
It "was like a slap in my face", she told the paper. Actress Sarah Tither-Kaplan suggested Franco's practice of encouraging women to perform fully nude was "exploitative", and Ally Sheedy also appeared to suggest he had something to do with why she "left the film/tv business". She began laughing nervously, she said, and offered to meet up with him later - not in a vehicle, not in public.
Paley, an aspiring actor and filmmaker herself, said Franco would suggest movies she should watch or offer advice on projects she was working on.
Both women described what they considered to be an unprofessional and hostile shoot at a strip club.
Afterward, Franco was criticized on Twitter for wearing the black and white pin.
Sources said that scripts for Season 2 of HBO's "The Deuce" featuring James Franco's twin characters Vincent and Frankie Martino are now being written even after allegations of sexual misconduct against the actor surfaced. The things I heard are not accurate, but I completely support people coming out because they didn't have a voice for so long.
Despite her objections now, Franco's attorney (who denied the plastic guards accusation) pointed to Tither-Kaplan's social media accounts, which displayed excitement and positivity about her work on Franco's films at the time.
The New York Times recently canceled a scheduled event with the actor due to the controversy surrounding him.
In the wide-ranging article from the Los Angeles Times, former students of the actor talk about feeling exploited for what they perceived as career advancement.