The Weinstein Co has filed for bankruptcy and announced it was releasing any victims of or witnesses to its co-founder’s alleged misconduct from non-disclosure agreements. It is the latest twist in the company’s efforts to survive the sexual misconduct scandal that brought down its co-founder, shook Hollywood and triggered a movement that spread out to convulse other industries. “Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers. The movie and TV studio becomes the first high-profile company to be forced into bankruptcy in the nationwide outcry over workplace sexual misconduct. Lantern was among a group of investors that had been in talks for months to buy the company outside of bankruptcy.

Source: The Irish Times March 20, 2018 07:41 UTC