Ortenberg, whose official title is president of theatrical films, spent just nine months at the company, which has struggled under a heavy debt load of more than $500 million and constant speculation that its future is in doubt. In a statement, Ortenberg said he 'asked for and was granted a release from my contract with the Weinstein Co. for personal reasons.' His last day will be at the end of the month and he said he would announce his future plans soon. When he joined Weinstein Co. in January, Ortenberg told the Los Angeles Times that it was an 'opportune time' to come aboard. Prior to joining the studio, he spent 12 years at Lionsgate, most recently as president of theatrical films. This probably will be a Friday to forget for the Weinstein Co. Not only is their president of theatrical films leaving, but the company's breach-of-contract lawsuit against the highly anticipated movie 'Precious' was dismissed by a federal judgeFriday afternoon. Weinstein Co. claimed it had distribution rights for the movie. On the plus side, the company did sell 'Inglourious Basterds' to TNT in a deal that could bring in as much as $15 million. 