After a $500 million deal for an investor group to acquire the embattled film company fell through, The Weinstein Company has filed for bankruptcy.

In the process, The Weinstein Company is canceling its non-disclosure agreements. That means that many women seeking to come forward against disgraced former executive Harvey Weinstein now have freedom to speak.

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the weinstein company bankruptcy

The Weinstein Company will declare bankruptcy following last-ditch attempts to sell its assets to an investor group.

The talks with the group, led by former Obama-era Small Business Administration head Maria Contreras-Sweet, have failed, leading the company’s board of directors to announce that they are filing for bankruptcy.
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