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Harvey Weinstein Resigns From Weinstein Company Board

Weinstein was fired as co-chairman on October 8, but he continues to own 22 per cent of the company's stock, and until Wednesday continued to hold a seat on the board.

PTI

Updated:October 19, 2017, 7:27 AM IST
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Harvey Weinstein Resigns From Weinstein Company Board
Harvey Weinstein at the 89th Academy Awards in Hollywood. (File photo: Reuters)
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Los Angeles Hollywood producer Harvey Weinstein has resigned from the Weinstein Company board of
directors, as his company tries to distance itself from the disgraced mogul.

Weinstein was fired as co-chairman on October 8, but he continues to own 22 per cent of the company's stock, and until today continued to hold a seat on the board, reported Variety.

The remnants of the Weinstein Company board, including the other co-founder, Bob Weinstein, convened on Tuesday at
the Manhattan offices of Debevoise and Plimpton, a law firm hired by the studio to investigate allegations made against Weinstein.

In a statement, the three member board confirmed that 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.

Since the allegations against Weinstein first became public, most Weinstein Company board members have resigned,
leaving only Tarak Ben Ammar, Lance Maerov and Bob Weinstein.
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