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 and was ending all non-disclosure agreements that may have silenced some women, Reuters reported. The Weinstein Company filed for bankruptcy in the Delaware court, listing $500 million to $1 billion in liabilities and $500 million to $1 billion in assets, and said that it struck a deal with an affiliate of private equity firm Lantern Capital Partners to acquire its assets. The bankruptcy comes after the studio spent months looking for a buyer or investor. The company inked a deal with an investor group led by former Obama administration official Maria Contreras-Sweet, but the group terminated its offer earlier this month after seeing that the company had more liabilities than previously disclosed. The Weinstein Company said in a statement it entered into a stalking-horse agreement with a Lantern Capital affiliate, that would purchase substantially all of the assets of the company. Read more.
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