End of confidentiality agreements The Weinstein Company

- Film studio The Weinstein Company has filed for bankruptcy on Monday. The company succumbed to the sexual abuse of CEO Harvey Weinstein, which came to light last fall. Contracts that Harvey Weinstein had his victims sign to guarantee secrecy are no longer valid.

That's what his brother Bob Weinstein said on Monday that the Weinstein Company filed for bankruptcy. 'Harvey Weinstein used confidentiality contracts as a weapon to silence his accusers. These 'agreements' have been terminated with immediate effect ', says Bob according to The Wrap.

A statement from the company also states: 'No one should be afraid to tell his story because of threats. The company thanks all the brave individuals who have come out. Your stories have inspired a movement that has caused change in this country and the rest of the world. '

The Attorney General of the State of New York, who personally charges the film studio and the two brothers for negligence about the abuse, calls the decision to invalidate the contracts a turning point. 'The Weinstein Company's commitment to free victims and witnesses of sexual misconduct from these restrictions will finally bring out the sound that has been silenced for far too long. This is a turning point in the struggle to bring to light the devastating consequences of sexual misconduct in the workplace. '

The court case is obviously not off course. 'My team remains committed to the interests of the victims during the bankruptcy process,' said the Attorney General. 'We continue to work towards the goal that we set when we started on this: ensuring that the victims are compensated, that employees are protected and that perpetrators and those who enable them do not become richer here. '

The studio was looking for a buyer or investor in recent months. That seemed to be found when an investor group was willing to deposit $ 500 million for parts of the company, but sales ceased at the beginning of this month due to 'disappointing information' in the book research.

The Weinstein Company was founded in 2005 by Harvey and Bob Weinstein after the brothers sold their Miramax studio to Disney. The biggest film successes of the studio were Django Unchained, The King's Speech and Silver Linings Playbook. The company was also a producer of television programs such as Project Runway and Marco Polo.