Los Angeles Times

Weinstein Co. has filed for bankruptcy and will pursue a sale

LOS ANGELES - Harvey Weinstein's embattled movie studio - once a premier maker of award-winning films - has filed for Chapter 11 bankruptcy more than five months after sexual misconduct allegations against its co-founder sent the company spiraling out of control, the company's board said late Monday night.

The filing, submitted in Delaware, is the culmination of a long struggle to spare the formerly highflying studio from bankruptcy court. The move to seek protection from creditors owed hundreds of millions of dollars comes after the company tried and failed to sell assets to a

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