In this Nov. 23, 2011 file photo, film producer Harvey Weinstein poses for a photo in New York. (AP Photo/John Carucci, File)
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The Weinstein Company will file for bankruptcy, U.S. media reported Sunday, after prosecutors sought to impose conditions on a sale of the firm co-founded by disgraced Hollywood mogul Harvey Weinstein.The group was poised to close the deal to buy The Weinstein Company for a reported $500 million, until New York state attorney general Eric Schneiderman sued the Weinstein firm on Feb. 11 .Schneiderman complained that the deal as originally drawn up would have shielded top executives who covered up Weinstein's abuse, muzzled his victims with non-disclosure agreements and would not have compensated any of the victims.Weinstein's brother Bob is the current head of the company which fired Harvey Weinstein last year.
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