The Weinstein Co. declares bankruptcy. Here’s what that means and what could be next. - News Summed Up

The Weinstein Co. declares bankruptcy. Here’s what that means and what could be next.


Harvey Weinstein in 2011. (John Carucci/AP)The production company of now-disgraced movie mogul Harvey Weinstein filed for bankruptcy Monday and released any Weinstein accusers from their nondisclosure agreements. Harvey Weinstein instantly became a Hollywood pariah after the sexual assault allegations, and his downfall would become tied to his company. Receiving bankruptcy protection means that secured creditors will get paid before any women suing the Weinstein Co. (Bob Weinstein is listed as an unsecured creditor, per Variety.) “Since October, it has been reported that Harvey Weinstein used nondisclosure agreements as a secret weapon to silence his accusers.


Source: Washington Post March 20, 2018 17:06 UTC



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