The Weinstein Company is planning to file for bankruptcy following sexual misconduct allegations against one of its co-founders, according to multiple reports.
“The Weinstein Company has been engaged in an active sale process in the hopes of preserving assets and jobs,” the company's board said in a statement, the Los Angeles Times reported.
“Today, those discussions concluded without a signed agreement.”
The lawsuit alleges that the company broke New York law and violated the company’s employees’ rights by “failing to protect its employees from pervasive sexual harassment, intimidation, and discrimination,” Schneiderman said in a statement.
Last year, Harvey Weinstein, the company's ex-chairman, was accused of sexual misconduct by dozens of women.