Weinstein Co. Will File for Bankruptcy After Deal Talks Collapse<br />The lawsuit, based on a continuing investigation into the Weinstein Company’s internal dealings, was accompanied by a public call from Mr. Schneiderman for assurance<br />that a sale to Ms. Contreras-Sweet’s group had three components: adequate compensation for victims, protections for the studio’s remaining employees and no financial reward for those “who enabled or perpetuated Mr. Weinstein’s misconduct.”<br />That brought the sale talks to a sudden halt.<br />The lawsuit did not name Mr. Glasser, but it referred to him by his title and said<br />that the sale of the company could result in employees’ reporting to some of the same managers “who failed to investigate” Mr. Weinstein’s conduct or protect female employees from him.<br />“Over the coming days, the company will prepare its bankruptcy filing with the goal of achieving maximum value in court.”<br />The Weinstein Company board, a three-member group that includes its co-founder Bob Weinstein, also released a sharply worded letter it sent earlier on Sunday to Ms. Contreras-Sweet<br />and one of her primary backers, Ron Burkle, the billionaire investor.<br />LOS ANGELES — The Weinstein Company said that it would file for bankruptcy following the collapse of sale talks with an investor group,<br />extending the damage from sexual misconduct allegations against Harvey Weinstein, its co-owner and a onetime force in Hollywood.<br />Through a spokeswoman, Harvey Weinstein has repeatedly denied “any allegations of nonconsensual sex.”<br />The Weinstein Company’s announcement on Sunday came two weeks after Eric T. Schneiderman, New York’s attorney general, filed a lawsuit against the studio and its fraternal founders alleging<br />that they repeatedly violated state and city laws barring gender discrimination, sexual harassment, sexual abuse and coercion.
