Harvey Weinstein Resigns From Weinstein Co. Board of Directors

CREDIT: GUILLAUME HORCAJUELO/EPA/REX/SHUTTERSTOCK

Harvey Weinstein resigned Tuesday from the Weinstein Co. board of directors, as the company continues to try to distance itself from the disgraced mogul.

Though he was fired as co-chairman on Oct. 8, Weinstein continues to own 22% of the company’s stock, and until today continued to hold a seat on the board.

In a statement, the three member board confirmed that Harvey Weinstein had stepped down and said it had “…ratified its decision to terminate” his employment.

The company now risks falling into a protracted legal battle with Weinstein, who alleges his firing was illegal.

There also appears be tension between the remaining board members, who are exploring a sale to Colony Capital, and co-founder Bob Weinstein, who said in a statement last week that the company is not for sale.

The Weinstein Co. has been in turmoil ever since the New York Times reported on Oct. 5 that Harvey Weinstein had a decades-long pattern of sexual harassment, and had settled at least eight harassment claims. Subsequently, dozens of accusers have come forward to allege that Weinstein harassed them, and a handful have accused Weinstein of sexual assault.

Click here to read more.

SOURCE: Variety, Gene Maddaus