The Weinstein Firm President and COO David Glasser was reportedly fired Friday night time, maybe clearing a serious impediment to the movie firm’s sale.
“The board of the Weinstein Firm has unanimously voted to terminate David Glasser for trigger,” the board stated in a short assertion late Friday, the Los Angeles Instances reported.
A Wall Road group was about to shut on a $500 million acquisition of the beleaguered movie firm earlier this week and deliberate to call Glasser because the CEO.
The sale, nevertheless, got here to a screeching halt when New York Lawyer Basic Eric Schneiderman filed a lawsuit calling out Glasser for enabling Harvey Weinstein’s reign of sexual harassment.
The AG’s four-month probe into the corporate discovered by means of paperwork and interviews that Glasser was an “enabler” to Weinstein’s conduct.
Schneiderman’s workplace had requested the group for assurances that there could be a sufferer compensation fund and a future safety for the corporate’s workers.
The AG filed the swimsuit after discovering Glasser’s imminent promotion.