Texas private equity firm Lantern Capital agreed to buy Weinstein Company out of bankruptcy for $US310 million (NZ$432 million). As part of the bankruptcy filing, the Weinstein Company said it released anyone "who suffered or witnessed any form of sexual misconduct by Harvey Weinstein" from nondisclosure agreements. In February, New York Attorney General Eric Schneiderman sued The Weinstein Company, Harvey Weinstein and his brother Bob Weinstein, alleging that Harvey Weinstein sexually harassed employees and the company failed to respond. Before the deal with Contreras-Sweet's group failed, The Weinstein Company had tried securing rescue financing from other investors. The Weinstein Company also won commitments from its bank lenders for a $US25 million bankruptcy loan.

Source: Otago Daily Times March 20, 2018 22:07 UTC