Statement from Schneiderman on agreement to sell Weinstein Company assets

Statement from Schneiderman on agreement to sell Weinstein Company assets

State Attorney General Eric T. Schneiderman issued the following agreement on the sale of Weinstein Company assets:

“As I made clear from the start, our office will support a deal that ensures victims will be adequately compensated, employees will be protected moving forward, and those who were responsible for misconduct at TWC will not be unjustly rewarded.

“As part of these negotiations, we are pleased to have received express commitments from the parties that the new company will create a real, well-funded victims compensation fund, implement HR policies that will protect all employees, and will not unjustly reward bad actors. We will work with the parties in the weeks ahead to ensure that the parties honor and memorialize these commitments prior to closing. Our lawsuit remains active and the investigation remains ongoing at this time.”

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