The committee representing Weinstein Co. creditors said yesterday that it is examining whether a $310 million offer from investment firm Lantern Capital represents “a fair price” for the troubled film and TV studio’s assets, WSJ Pro Bankruptcy reported. The statement, made in a filing with the U.S. Bankruptcy Court in Wilmington, Del., comes a day before lawyers representing the company co-founded by Harvey Weinstein are expected to ask a judge to sign off on both the sale procedures and the Lantern offer, which would set the floor for the studio’s assets and would be subject to higher bids at a potential auction. The speed with which Weinstein Co. has been attempting to sell its assets in chapter 11 has been a source of concern for some creditors. The unsecured creditors committee, which is represented by law firm Pachulski Stang Ziehl & Jones, includes two women who have sued the studio and Harvey Weinstein individually. Advisers to the Weinstein Co. and Lantern agreed to push back the day of the proposed auction from May 2 to May 4 and also made other concessions to the sale process, according to Thursday’s filing. A hearing to approve a sale would be pushed back to May 8. Read more.
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