The Weinstein Company is set to file for bankruptcy after being unable to complete a sell of assets to investors.
The sale was close to being signed two weeks ago until New York Attorney General Eric Schneiderman stepped in and filed a suit accusing the company of enabling Harvey Weinstein’s sexual abuses.
‘The Weinstein Company has been engaged in an active sale process in the hopes of preserving assets and jobs,’ the board said in a statement reported by several US newspapers.
‘Today, those discussions concluded without a signed agreement.’
The statement went on to claim that ‘an orderly bankruptcy process’ was the ‘only… Read the full story