The Weinstein Company Files For Bankruptcy, Will Release Victims From NDAs
- Author: Theresa Obrien Mar 22, 2018,
Mar 22, 2018, 1:36
Under the terms of the stalking horse bid, Lantern would assume ownership of the Weinstein Co. without taking on any of the liabilities from sexual harassment lawsuits.
Weinstein and his bankrupt company face multiple lawsuits related to the scandal. Variety reports that it remains unclear how much money will be put aside for sexual assault survivors, but that insurance should cover up to $30 million. A statement released on February 26 announced the board's decision to do so after no sales could be agreed upon with multiple interested investors. That move had always been sought by New York Attorney General Eric Schneiderman, who has filed a lawsuit against Weinstein and the company on behalf of its employees.
In the process employees and alleged victims of Mr Weinstein have been released from the non-disclosure agreements that he wielded as "a secret weapon" to enforce their silence, the studio said. Since Weinstein was sacked as chief executive back in October, the Weinstein Company has been pretty much dead; despite some talk of attempting to rebrand the studio without Harvey, a slew of canceled or sold projects and a growing debt has led to the inevitability of the filing for bankruptcy. He's now in Arizona getting treatment for sex addiction. Weinstein has denied having nonconsensual sex with anyone.
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The Leave Means Leave campaign accused him of "caving in" on the Irish border. Those deals would then take effect once Britain was free to do so in 2021.
That's because the Weinstein Co. only has the power to end agreements made by the company not Weinstein himself, meaning its effect will be primarily on current and former employees.
On Tuesday, Schneiderman's office sent out a tweet urging victims and witnesses to contact his office, which is conducting a civil rights investigation of the Weinstein Co. and of Weinstein himself.
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I think it is better to wait until the end of the season. "I will do my best for it", Courtois told the Evening Standard . He said:"Obviously I played against him a lot of times and conceded goals through my legs from him before".
The statement said the company "regrets that it can not undo the damage Harvey Weinstein caused, but hopes that today's events will mark a new beginning". The bankruptcy filing claims The Weinstein Company has less than $500,000 on hand.
Time's Up called for the probe following a NY magazine exposé that accused Vance's office - which had close ties to Weinstein's legal team - of attempting to aggressively poke holes in Battilana's story before ultimately dropping the case, even though the NYPD had the pervy producer on tape openly admitting to the groping.
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This realization sets off a string of impromptu " La La Land "-esque dance moves - some of which are painfully awkward to watch". While another wasn't quite so enamored, tweeting , "lorde needs to stop lying to taylor swift and telling her she can dance".