Film firm says sale sets ‘clear path’ for compensation for alleged sexual harassment victims
Harvey Weinstein’s film and TV production company has avoided bankruptcy at the 11th hour, in a $500m (£363m) takeover led by a former senior official in Barack Obama’s administration.
On Monday, the board of The Weinstein Company, which has been pushed to the point of closure following the wave of sexual harassment and assault claims against co-founder Harvey Weinstein, said it would have to file for bankruptcy after a last minute offer proved “illusory”.
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