Talks to sell The Weinstein Company have reportedly collapsed after New York state lawsuit

pulse

February 12, 2018 1:36 PM

A deal to buy the troubled Weinstein Company for about $500 million was close to being sealed before news of the lawsuit broke.

A $500 million deal to buy Harvey Weinstein's company has reportedly collapsed following an explosive new lawsuit.
New York Attorney General Eric Schneiderman filed a civil rights lawsuit earlier on Sunday against Weinstein and The Weinstein Company.
It provides details of Weinstein's alleged aggressive behaviour and says board members facilitated it.
The Attorney General's office said the timing of the suit was due to "the possible imminent sale" of the company.

A deal in the works to buy disgraced Hollywood mogul Harvey Weinstein's company has reportedly collapsed after the New York Attorney General filed a lawsuit against the company and its founders.

A group led by

Business Insider has reviewed details of the civil rights suit against Weinstein, which attacks what it calls the company's "gender-based hostile work environment."

It targets Harvey Weinstein for allegations of sexual misconduct, as well as the executives and board of The Weinstein Company for failing to protect employees from Weinstein.

pulse