Bob Weinstein, chairman of the near-dead film and television studio, will step down from the board today, the company said, formalizing the end of his efforts to retain a significant role in the business as it tries to rebuild, the New York Times reported. Weinstein’s departure was expected. He founded the boutique studio in 2005 with his brother, Harvey, who was fired last year after dozens of women publicly accused him of sexual misconduct. The Weinstein Company subsequently imploded, filing for bankruptcy and agreeing to sell itself to Lantern Capital Partners, a Dallas private equity firm, for $289 million. Lantern had initially agreed to pay $310 million, but won a reduced price after it argued that it had been misled about payments on contracts to vendors and filmmakers. Harvey Weinstein was arrested in Manhattan in May on charges that he sexually assaulted two women. He was indicted this month on additional charges, one of which carries a maximum sentence of life in prison. He pleaded not guilty to all the charges and awaits trial. He has denied ever engaging in “non-consensual sex.”
