Weinstein Company Files for Bankruptcy, Voids Non-Disclosure Agreements

Harvey Weinstein / Getty Images

Harvey Weinstein / Getty Images

BY:

The Weinstein Company filed for bankruptcy Monday and while doing so, made the decision to release anyone "who suffered or witnessed any form of sexual misconduct by Harvey Weinstein" from non-disclosure agreements.

The decision to void any non-disclosure agreements was one encouraged by New York Attorney General Eric T. Schneiderman, the New York Times reports. The company fired Harvey Weinstein as chief executive in October after dozens of women publicly accused him of sexual misconduct stretching back decades.

"No one should be afraid to speak out or coerced to stay quiet," the company said, thanking "the courageous individuals who have already come forward."

The statement went on to praise the effect of the women coming forward and apologized to the victims.

"Your voices have inspired a movement for change across the country and around the world. The company regrets that it cannot undo the damage Harvey Weinstein caused, but hopes that today’s events will mark a new beginning," the company said.

Attorney General Eric Schneiderman called the company's decision "a watershed moment for efforts to address the corrosive effects of sexual misconduct in the workplace."

Meanwhile, prosecutors in New York, Los Angeles, and London are pursuing possible criminal cases against Weinstein.

Conor Beck

Conor Beck   Email Conor | Full Bio | RSS
Conor Beck is a Media Analyst for the WFB. He's previously written for The College Fix, Life News, and was a Student Free Press Association Fellow for The Weekly Standard. He graduated from Rice University in 2017.

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