NEW YORK (CBSMiami/AP) — The latest development in the downward spiral of a company that is named an accused rapist.READ MORE: Principal: Arrest Made Following Social Media Threat Regarding Marjory Stoneman Douglas High
The Weinstein Co. has filed for bankruptcy protection with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein.
The company also announced on Monday that it was releasing any victims of or witnesses to Weinstein’s alleged misconduct from any non-disclosure agreement that would prevent them from speaking out.READ MORE: Person Hospitalized Following Incident With FedEx Truck In Southwest Miami-Dade
In a statement, the company says it “expressly releases any confidentiality provision” to the extent that it has prevented anyone who “suffered or witnessed” any form of misconduct by Weinstein from telling their stories.
The Weinstein Co. says it has entered into a sale agreement with Lantern Capital Partners, subject to approval by the U.S. Bankruptcy Court in Delaware.MORE NEWS: West Miami Officer Assaulted During Traffic Stop, Driver Arrested
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