The Weinstein Co. filed for Chapter 11 bankruptcy protection on March 19 in U.S. Bankruptcy Court in Delaware.
Robert Del Genio and Luke Schaeffer were named chief restructuring officer and chief strategy officer for the company’s reorganization.
According to the Wall Street Journal, TWC has struck a deal with a Dallas investment firm to acquire the assets of the troubled film studio, co-founded by Harvey Weinstein.
Lantern Capital was backing the $500 million deal proposed by an investor group led by Maria Contreras-Sweet and Ron Burkle that broke down earlier this month.
TWC has been embroiled in scandal since last fall, when Weinstein was accused of rape and sexual harassment by more than 25 women. He was fired from the company and resigned from the board in October.
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