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Daily Trends Now


Harvey Weinstein accusers freed from non-disclosure agreements as company files for bankruptcy

Harvey Weinstein accusers freed from non-disclosure agreements as company files for bankruptcy

They also said they were releasing all victims of, or witnesses to, alleged sexual misconduct from non-disclosure agreements which had previously prevented them from speaking out.

Harvey Weinstein's victims are now free to talk after the Weinstein Company terminated non-disclosure agreements.

"Effective immediately, those "agreements" end".

"It is an understatement to say that the last six months have been trying for the company", Chief Restructuring Officer Robert Del Genio said in court papers. The company unsuccessfully courted several potential buyers; the effort ended with Monday night's bankruptcy filing.

All things considered, the company, which the Weinsteins started after leaving the other studio they co-founded, Miramax Films, had a long lifetime after the scandal broke.

Rose McGowan was one of the first to speak publicly against Weinstein, and is now among dozens of women to accuse the movie mogul of sexual harassment or assault.

Texas private equity firm Lantern Capital agreed to buy Weinstein Company out of bankruptcy for $310 million.

All in all, the bankruptcy documents list almost a thousand people the film company owes.




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.

"The board selected Lantern in part due to Lantern's commitment to maintain the assets and employees as a going concern", the company said in a statement.

Lantern co-founders Andy Mitchell and Milos Brajovic said they were committed to "following through on our promise to reposition the business as a pre-eminent content provider, while cultivating a positive presence in the industry".

Reports that Vance "could have been improperly influenced" by Weinstein and that senior officials in the Manhattan district attorney's office "may have sought to intimidate Battilana are particularly disturbing and merit investigation", the movement said.

It's a fine statement to make, though the bankruptcy filing is also a blow to women with pending lawsuits against the studio.

It's unlikely, however, to spur a new surge in high-profile actresses coming forward, as Rose McGowan, Ashley Judd, Salma Hayek and many others have in recent months. The beleaguered producer has retained NY defense attorney Benjamin Brafman, who also previously defended "Pharma Bro" Martin Shkreli as well as Michael Jackson, Sean Combs and Mafia boss Salvatore Gravano.

The bankruptcy process will bring the company's finances into public view, including the extent of its debt.

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