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The Weinstein Company Holdings LLC announced that it has filed for voluntary bankruptcy and entered into an agreement to sell its assets to a Dallas-based equity firm.

It also announced that it is ending all nondisclosure agreements that prevented victims of alleged sexual misconduct at the hands of disgraced Hollywood mogul Harvey Weinstein from talking about their experiences.

The Weinstein Co. will enter into a "stalking horse" agreement with an affiliate of Lantern Capital Partners in conjunction with entering into bankruptcy proceedings.

But it was the second and third paragraphs of the statement that are likely to draw even greater attention in light of the many women who have come forward to accuse Weinstein of sexually harassment and abuse.

, led by former Obama administration official, Maria Contreras-Sweet, tried and failed to purchase the assets of The Weinstein Co. earlier this month. That deal, which would have re-invented the firm as a female-run company, collapsed upon the discovery of debt previously unknown by the investors.
Weinstein has been accused of 

New York Attorney General Eric Schneiderman, who has brought suit against The Weinstein Co., Harvey Weinstein and his brother, Bob Weinstein, issued a statement praising the announcement.

Crime, Law and Justice

The deal releases all those who had signed settlement deals that required them to be silent about Harvey Weinstein's alleged sexual misconduct, allowing them now to tell their stories.

The Weinstein Co. files for bankruptcy, cancels non-disclosure agreements

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