X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.”

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.