The Flood Gates Are Open: The Weinstein Company Ends All Nondisclosure Agreements, Files for Bankruptcy

Nick Kangadis | March 20, 2018

There’s about to be a lot more allegations coming to light about disgraced Hollywood cult producers Harvey and Bob Weinstein.

The Weinstein Company has filed for ‘voluntary bankruptcy’ and will sell the company to Dallas-based equity firm Lantern Capital Partners. But, that’s not all!

The company announced that all nondisclosure agreements that prevented victims of the Weinstein’s sexual misconduct from coming forward are now null and void.

This is a big component of the Weinstein Company’s announcement, because now the flood gates will be fully open for any victim of the Weinstein brothers to come forward and give a broader scope of the degeneracy happening within the company.

According to NPR, the Weinstein Company made the following statement:

Under the agreement, Lantern will purchase substantially all of the assets of the Company, subject to certain conditions including approval of the Bankruptcy Court. The Board selected Lantern in part due to Lantern's commitment to maintain the assets and employees as a going concern," said the company in a statement released late Monday.

Today, the Company also takes an important step toward justice for any victims who have been silenced by Harvey Weinstein. Since October, it has been reported that Harvey Weinstein used non-disclosure agreements as a secret weapon to silence his accusers.

Effective immediately, those "agreements" end. The Company expressly releases any confidentiality provision to the extent it has prevented individuals who suffered or witnessed any form of sexual misconduct by Harvey Weinstein from telling their stories. No one should be afraid to speak out or coerced to stay quiet. The Company thanks the courageous individuals who have already come forward. Your voices have inspired a movement for change across the country and around the world.

The Weinstein brothers — particularly Harvey — have been shunned from the Hollywood spotlight after accusations by dozens upon dozens of women of sexual misconduct flooded the news cycle in the latter part of 2017.