Celebrity News

New York Attorney General Files Civil Rights Lawsuit against Weinstein Company
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Harvey Weinstein

Summary: New York Attorney General Eric Schneiderman filed a lawsuit against the troubled Weinstein Company. 

An investment group planned to buy the Weinstein Company, but this acquisition may go on hold because of a lawsuit filed by the New York Attorney General.

  
What
Where


Variety reported that New York Attorney General Eric Schneiderman filed a lawsuit on Sunday afternoon against the Weinstein Company, and the suit has raised concerns about the film company’s soon-to-be CEO David Glasser.

Glasser was a longtime Weinstein Company executive who was slated to become the CEO after the company was acquired by an investor group led by Maria Contreras-Sweet.

Under the pending deal, Contreras-Sweet would have purchased the Weinstein Company for $500 million, and they would have also bought the company’s assumed debt of $225 million. The deal was supposed to be announced on Sunday or Monday, but Schneiderman’s lawsuit “threw an eleventh-hour wrench into the process,” according to Variety.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Schneiderman’s office accused Glasser of failing to protect Weinstein Company employees from Harvey Weinstein’s sexual misconduct. In the lawsuit, they sought to oversee the company’s employment practices, and the investor group, backed by billionaire Ron Burkle, reportedly balked at this idea. Contreras-Sweet, who spoke with Schneiderman’s office over the weekend, was also reluctant to close the deal after learning of the AG’s oversight proposals.

“Schneiderman’s office sought extensive oversight over management hires and employment policies at the new company. The office was especially keen to have supervision over the company’s sexual harassment policies, including provisions to ensure that complaints remain anonymous and do not result in retaliation. The office also wanted the company to release current and former employees from their non-disclosure agreements to facilitate further investigation,” Variety wrote.



The attorney general’s office also wanted the Weinstein Company to adequately compensate alleged victims with a fund that had as much as $50 million, a sum that is far beyond the company’s insurance coverage. However, Contreras-Sweet did not seem to like that idea.

“We expressed to them how important it is that any deal adequately compensate victims, protect employees, and not reward those who enabled or perpetuated this egregious sexual misconduct,” Amy Spitalnick, a spokesperson from Schneiderman’s office told Variety. “We were surprised to learn they were not serious about discussing any of those issues or even sharing the most basic information about how they planned to address them.”

Contreras-Sweet’s group is deliberating what to do next. The lawsuit will not affect the company’s sale, but it would effect the company’s operations which is a concern for the buyer.

The Weinstein Company was a prominent independent film company founded by Harvey Weinstein and his brother Bob Weinstein. In October, the New York Times published an expose of how Harvey had sexually harassed or abused actresses and employees for almost three decades, and his behavior was allegedly faciliated by talent agents, assistants, and executives at the Weinstein Company.

What do you think of Eric Schneiderman’s lawsuit against the Weinstein Company? Let us know in the comments below.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Labor and Employment Attorney

USA-CA-Mountain View

Mountain View office of our client seeks senior labor and employment attorney with 4+ years of exper...

Apply Now

Labor and Employment Litigation Associate

USA-MA-Boston

Boston office of our client seeks labor and employment associate with 2-4 years of litigation experi...

Apply Now

Mid-level Corporate Lending Associate

USA-NC-Charlotte

Charlotte office of our client seeks mid-level corporate lending associate with 3+ years of experien...

Apply Now

Real Estate Attorney

USA-NJ-Iselin

Iselin office of our client seeks real estate attorney with experience. The candidate should have ex...

Apply Now

RELEVANT JOBS

Associate - Mid-Level - GL Group

USA-NY-Valhalla

Defense firm seeking mid-level associate for Westchester office to fill General Liability position. ...

Apply now

Mortgage Compliance Analyst

USA-MN-Minnetonka

Job Description: Rubicon Mortgage Advisors LLC, a locally-owned, boutique mortgage lender is seeki...

Apply now

Litigation Legal Assistant

USA-CA-Los Angeles

Qualifications: Candidate should have 2+ years of previous experience supporting multiple atto...

Apply now

Litigation Legal Assistant (10+ Years Experience)

USA-CA-Los Angeles

Qualifications: Candidate should have 10+ years of previous experience supporting multiple att...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top