A bankruptcy court judge Monday confirmed a liquidation plan for the former Weinstein Co., which filed for Chapter 11 three years ago as disgraced mogul Harvey Weinstein imploded in a sea of sexual abuse and harassment accusations.
Weinstein the man is serving a 23-year sentence for rape and assault at a correctional facility in upstate New York. The assets of his company were sold to a private-equity firm, with proceeds going to secured creditors. A group of unsecured trade creditors and Weinstein victims and their attorneys have been arguing over how divide whats left, basically settlement money offered by insurance companies.
After years, a large majority of both agreedto accept the latest proposed settlement earlier this month that…
Read the full article at: https://deadline.com/2021/01/bankruptcy-judge-weinstein-co-liquidation-plan-after-three-year-odyssey-after-last-ditch-protest-by-handful-of-victims-1234680155/