Company had about 100 employees when it filed for bankruptcy last March, at the time listing $500m to $1bn in liabilitiesThe Weinstein Company said it plans to liquidate in bankruptcy, as it tries to resolve civil lawsuits against former directors and officers arising from sexual misconduct claims against the onetime Hollywood mogul.Lawyers for the company, once run by Harvey Weinstein, asked a Delaware bankruptcy judge to convert the studio’s bankruptcy to a Chapter 7 liquidation from the Chapter 11 case filed in March 2018, according to papers filed on Tuesday night. Several rounds of mediation over the last 10 months have failed to resolve liability claims arising from Weinstein’s alleged misconduct, the lawyers said. Continue reading…
Via: Weinstein Company seeks to liquidate to end bankruptcy, court papers show
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