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Harvey Weinstein

Disgraced movie mogul Harvey Weinstein’s namesake film studio filed for bankruptcy shortly before midnight Monday, a few weeks after a $500 million deal to sell itself fell through amid questions about undisclosed additional debts.

The Chapter 11 filing in Delaware by The Weinstein Co. Holdings LLC states that the company has both assets and liabilities of between $500 million and $1 billion. The New York-based debtor, which has turned to Cravath, Swaine & Moore and Delaware’s Richards, Layton & Finger to represent it in bankruptcy court, owes nearly $20 million to a half-dozen other law firms.

The Weinstein Co. has also entered into a stalking horse agreement with Lantern Capital Partners LP for the Dallas-based private equity firm and turnaround specialist to acquire all of its assets. The Weinstein Co.’s board of directors said in a statement that its proposed bankruptcy sale is “an important step toward justice for any victims who have been silenced by Harvey Weinstein.”

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