It has been announced that the Weinstein Company (TWC), will file for bankruptcy, due to the the New York Attorney General filing a lawsuit against it for civil rights abuses, among other things. The Weinstein Company's co-founder and 21% stakeholder, Harvey Weinstein, has brought disaster on the corporation via his acts of sexual harassment, sexual assault, rape, terroristic threats and charity fraud.

Using his ties to former U.S. President Barack Obama, Weinstein was able to find a buyer in a group led by Maria Contreras-Sweet. Obama had appointed her as the head of the U.S. Small Business Administration during his tenure as president. However, the hasty, proposed sale would have enriched Weinstein, who has many lawsuits against him for criminal behavior. The Attorney General, Eric Schneiderman, wants to ensure all Weinstein victims receive their money in compensation (rather than greatly enriching a dangerous criminal, Weinstein).

I am of the belief the Weinstein Company should face the seizure and sale of its assets and the company shut once and for all. It has been nothing but an outlet for human rights abuses, which includes serious sex crimes against women. The public no longer wants the company around, as the Weinstein Company is a symbol of abuse.

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Weinstein Co. Will File For Bankruptcy After Sale Talks Collapse

February 26, 20188:51 AM ET - The Weinstein Co. says it will file for bankruptcy after plans for a sale fell apart. The ongoing legal ramifications from alleged sexual misconduct by founder Harvey Weinstein, seen here in January 2017, very likely played a role in the talks' failure.

The Weinstein Co. says it will file for bankruptcy after a deal for the sale of the company fell apart. The film and television studio had been in talks with a group led by Maria Contreras-Sweet, who was in charge of the Small Business Administration under President Barack Obama, and backed by billionaire Ron Burkle. The deal was said to be worth $500 million — "roughly $275 million for the Weinstein Company, plus the assumption of $225 million in debt," The New York Times reports...

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