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