The Weinstein Company files for bankruptcy, dissolves non-disclosure agreements with sexual harassment accusers

The Weinstein Company filed for bankruptcy protection on Monday (19 March) with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. "The Weinstein Company's agreement to release victims of and witnesses to sexual misconduct from non-disclosure agreements -- which my office has sought throughout this investigation and litigation -- will finally enable voices that have for too long been muzzled to be heard." In a statement, the company says it "expressly releases any confidentiality provision" to the extent that it has prevented anyone who "suffered or witnessed any form of sexual misconduct by Harvey Weinstein from telling their stories". NEW YORK (Reuters) - U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, said on Monday it filed for bankruptcy with an offer from an affiliate of private equity firm Lantern Capital Partners to acquire its assets. In a statement released this Monday — six months after Weinstein, 66, was accused of sexual misconduct by a myriad of women — the company divulged their future plans to rebuild the business’ structure and reputation. Though he previously denied the claims, he eventually came clean about his actions, apologized for his behavior, and locked himself up in sex rehab. "Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers. Effective immediately, those ‘agreements’ end.”

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This decision came after Weinstein allegedly used such agreements to keep sexual assault victims quiet in regard to his treatment of them. Our lawsuit against The Weinstein Company, Bob Weinstein, and Harvey Weinstein remains active and our investigation is ongoing.”

On October of 2017, Harvey Weinstein was bashed by a collection of women all over Hollywood, for having sexually assaulted, abused and harassed them over the course of the years.
After a series of allegations of sexual misconduct against co-founder Harvey Weinstein, The Weinstein Company files for chapter 11 bankruptcy. The company also states that it will release all employees from a non-disclosure agreement which could prevent them from coming forward regarding the alleged misconduct of Weinstein.