Following its failed sale to an investor group, the Weinstein Company announced Monday night that it has officially filed for bankruptcy.
Despite the filing to seek bankruptcy protection in the aftermath of alleged sexual assault accusations against co-founder Harvey Weinstein and the New York Attorney General Eric Schneiderman's subsequent civil rights lawsuit, the beleaguered film production company has secured a "stalking horse" bid on their assets from Lantern Capital, Variety reports. The bid was secured in an effort to set a minimum sale price to avoid other interested parties from lowballing the company.
Despite the filing to seek bankruptcy protection in the aftermath of alleged sexual assault accusations against co-founder Harvey Weinstein and the New York Attorney General Eric Schneiderman's subsequent civil rights lawsuit, the beleaguered film production company has secured a "stalking horse" bid on their assets from Lantern Capital, Variety reports. The bid was secured in an effort to set a minimum sale price to avoid other interested parties from lowballing the company.
- 3/20/2018
- Rollingstone.com
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