The filing is expected to be a major roadblock - if not derail entirely - the $500-million deal to sell the embattled studio to an investor group led by former Obama administration official Maria Contreras-Sweet - which was expected to be signed next week. Contreras-Sweet was previously the head of the Small Business Administration.
"The lawsuit, filed Sunday in New York County Supreme Court, jeopardizes the planned sale to Contreras-Sweet, backed by billionaire Ron Burkle's Yucaipa Cos., who has been in negotiations with the Weinstein Co. for weeks. The Contreras-Sweet deal would give her control over the studio's assets and promised to set up a majority-female board and establish a fund to help women who have alleged abuse by Weinstein." -LA Times
The 38-page filing by the NY AG details a series of abuses by co-founder and CEO Harvey Weinstein, who has been accused by 84 women of sexual assault or misconduct since allegations emerged in reports by the New York Times and New Yorker last October.