The company at the center of the Harvey Weinstein sexual abuse scandal, The Weinstein Company, finally filed for bankruptcy protection late Monday in U.S. Bankruptcy Court in Wilmington.
While the firm’s assets are its main concern, the biggest impact of the bankruptcy may be that it revokes the company’s nondisclosure agreements (NDAs).
Brooks Barnes of the New York Times reports:
Read the full storyAs part of the Chapter 11 bankruptcy filing, the Weinstein Company said it released anyone “who suffered or witnessed any form of sexual misconduct by Harvey Weinstein” from nondisclosure agreements. The move had been advocated by Eric T. Schneiderman, the New York State attorney general, who is investigating wrongdoing at the studio. Mr. Weinstein was able to cover up allegations of misconduct for so long in part by relying on the unusually restrictive agreements.
More than 80 women have accused Weinstein of sexual assault, harassment or inappropriate behavior since October. Will more victims now speak up?
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