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Weinstein Co. will declare bankruptcy after sale collapses
A last attempt to save the Weinstein Co. has failed, the company announced late Sunday, and instead they will go ahead with bankruptcy. Just days after a three-hour meeting with Attorney General Eric Schneiderman, investor Ron Burkle and Maria Contreras-Sweet, the former head of the Small Business Administration, the Weinstein Co. board of representatives issued a memo insisting that the new buyers had not fulfilled their promises, including a “gold standard” human resources policy. “We have believed in this Company and in the goals set forth by the Attorney General. Based on the events of the past week, ... (full story)