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Bankruptcy Frees Harvey's Accusers From NDAs

Bankruptcy Frees Harvey's Accusers From NDAs

"It is an understatement to say that the last six months have been trying for the company", Chief Restructuring Officer Robert Del Genio said in court papers.

Earlier this month, an investor group led by former Obama administration official Maria Contreras-Sweet agreed to buy TWC assets and rebuild the studio with a majority female board of directors and create a victims' compensation fund.

He called the action a "watershed moment".

Meanwhile, prosecutors in New York, Los Angeles, and London are pursuing possible criminal cases against Weinstein.

Perkins is precisely the kind of workplace harassment subject that the Weinstein Co.'s move will free to speak, and who the move's champions hope will be helped.

According to reports, Lantern's bid offers $310 million in cash, plus an additional $114.5 million for liabilities associated with particular TV and film projects, with the total sum coming in at $424.5 million. Under bankruptcy protection, Weinstein's accusers will be prevented from filing any civil lawsuits against the company going forward.

According to the filing (via The New York Times), this applies to anyone "who suffered or witnessed any form of sexual misconduct by Harvey Weinstein" and then signed an NDA barring them from sharing their story.

In the process employees and alleged victims of Mr Weinstein have been released from the non-disclosure agreements that he wielded as "a secret weapon" to enforce their silence, the studio said. Publicly, Weinstein has denied all of the allegations against him. That deal was complicated when Schneiderman filed his lawsuit, citing concerns that the sale would benefit executives accused of enabling Weinstein's alleged misconduct and provide insufficient guarantees of compensation for his accusers.

In the recording, Weinstein makes potentially incriminating comments to Gutierrez, but he was not arrested or charged with a crime at the time.

The Weinstein brothers also founded Miramax Films in 1979, the company responsible for blockbusters like "Pulp Fiction" and "Gangs of NY". But on Monday, Vance and the NYPD released a joint statement reiterating their shared commitment to investigate and prosecute sexual assault cases. The beleaguered producer has retained NY defense attorney Benjamin Brafman, who also previously defended "Pharma Bro" Martin Shkreli as well as Michael Jackson, Sean Combs and Mafia boss Salvatore Gravano.

That response didn't seem to satisfy Cuomo.

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