Weinstein Company Files for Bankruptcy

(From BBC News)

Harvey Weinstein’s former company has filed for bankruptcy, months after the Oscar-winning producer was accused of multiple sexual assaults.

The move by the Weinstein Company is intended to facilitate a buy-out offer from a private equity firm.

The film and TV studio also said it was releasing any victims of Mr Weinstein’s alleged misconduct from non-disclosure deals stopping them from speaking out.

Once a powerhouse of the entertainment industry, the company will be known as the first high-profile firm that went into bankruptcy as a direct result of workplace sexual misconduct, the BBC’s Nick Bryant in New York reports.

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