Harvey Weinstein, currently imprisoned at Rikers Island and struggling with poor health ahead of his third rape trial, has brought forth an uncommon legal claim alleging that his brother illegally drained funds from their shared business before it went bankrupt.
According to the lawsuit submitted to a court in New York State, Harvey Weinstein alleges that his brother Bob Weinstein and David Glasser, who holds the position of Chief Operating Officer, misdirected funds for personal benefits such as receiving bonuses and serving other questionable objectives.
The grievance attempts to shift accountability from Harvey Weinstein’s role in the collapse of the Weinstein Company in November 2017. After filing for bankruptcy due to the public exposure of decades worth of sexual assault and harassment allegations against Weinstein, which made him an outcast in the industry, he claims that his brother, Glasser, and others were responsible for a “financial deception” that left the company financially weakened and ultimately unable to survive.
In response to an old contract breach lawsuit that was initiated in November 2017 by AI International Holdings owned by Len Blavatnik, Harvey Weinstein filed a complaint. This lawsuit claims that Weinstein did not fulfill his promise to repay a $45 million loan he had taken out personally.
The suit was temporarily paused when the company declared bankruptcy in 2018. In March 2023, AI International Holdings decided to drop the case, understanding that Harvey Weinstein’s imprisonment reduced the chances of them receiving any payment from a potential judgment.
After signing the agreement for dismissal, Weinstein’s legal team later reconsidered and requested the court to maintain the case instead, with the intention of taking action against the officers and directors of Weinstein Co. They argued that these individuals had been involved in actions similar to “robbing a burning building.
In November 2024, Bob Weinstein was served a subpoena by his brother, demanding a deposition and specific documents related to the AI International Holdings case. In response, Bob’s attorney, Brian Kohn, submitted a request to dismiss the subpoena in January. He asserted that Harvey Weinstein was misusing the discovery process to harass his brother, who he refers to as a long-standing adversary, in an attempt to pursue baseless allegations.
In 2021, a court authorized the division of The Weinstein Company’s remaining assets among its different creditors. This distribution allowed creditors to potentially recover funds they claim were wrongfully taken. Kohn contends that the bankruptcy agreement renders Harvey Weinstein’s recent lawsuit groundless, due to its frivolous nature.
As a movie-goer reviewing the latest legal drama unfolding off-screen, it seems the new lawsuit alleges that Harvey Weinstein is still liable for a $45 million guarantee, owing to the deceitful actions of other company executives. However, Kohn’s argument suggests that Weinstein intentionally forwent an opportunity to escape his financial obligations without conditions, solely for the purpose of filing a lawsuit against his brother.
I’m advocating for penalties against Harvey Weinstein and his legal representative, asserting that Bob Weinstein should be reimbursed for the expenses incurred in addressing the baseless subpoena. In contrast, Harvey Weinstein’s lawyer contends that the subpoena is integral to a legitimate investigation relevant to the ongoing AI International Holdings lawsuit.
As a devoted movie enthusiast, I find myself sharing the latest news about Harvey Weinstein, a name once synonymous with Hollywood, who’s now gearing up for a retrial on rape charges in Manhattan next month. This comes after New York’s Court of Appeals overturned his initial conviction last year. On top of that, he’s also been serving a 16-year sentence for a rape case in Los Angeles.
However, the road ahead is not easy for Weinstein, as he battles a host of health issues including bone marrow cancer, coronary artery disease, and diabetes. It’s a stark reminder that even the most powerful can face significant challenges beyond the silver screen.
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2025-02-18 00:16