Posts Tagged ‘Weinstein Company’

Weinstein Company Sale in Turmoil as Outgoing Board Rejects Settlement Offer From NY Attorney General

The sale of the Weinstein Company was thrown into turmoil on Sunday, as the outgoing board of directors rejected a settlement offer by New York Attorney General Eric Schneiderman over civil rights violations.
The new buyers, led by Maria Contreras-Sweet and Ron Burkle, held an emergency meeting with management on Sunday to determine next steps, as the sale had been expected to close this weekend. The standoff occurred because the Weinstein Company board rejected a settlement offer on Wednesday that potentially left them open to liability over sexual harassment claims against the company, according to an individual with knowledge of the talks.