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