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Weinstein Co. files for bankruptcy again, plans to sell entertainment assets [Business News Network (BNN) Energy & Resources (Canada)]

APPLE (AAPL)  More Company Research Source: Business News Network
Last apple earnings: 7/31 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF Weinstein Co. files for bankruptcy again, plans to sell entertainment assets Weinstein Co., the troubled movie company that failed in the wake of sexual harassment claims against co-founder Harvey Weinstein, filed for bankruptcy with plans to sell its entertainment assets. Under a deal the company announced in a statement Monday, Weinstein will sell itself to an affiliate of Dallas-based Lantern Capital Partners. The film studio, founded in 2005 by Weinstein and his brother Bob, sought protection in Wilmington, Delaware, listing as much as US$1 billion in debt and US$1 billion in assets. Weinstein was fired from the company, and has denied non-consensual sex. The company also agreed to release any women who settled sexual harassment claims involving the company from their non-disclosure agreements, freeing them to tell their stories without fear of being sued. “No one should be afraid to speak out or coerced to stay quiet,” the company said in a statement. The proposed sale must be ap [Read more]

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