Weinstein Co. Says Ch. 11 Settlement Clock Running Short

Law360 (January 22, 2020, 2:10 PM EST) -- Attorneys for the remnants of Harvey Weinstein's former movie studio told a Delaware bankruptcy judge Wednesday that it is continuing negotiations on a global resolution of its Chapter 11 case and a class action lodged by his alleged victims, but that time is running out for the process.

During a status hearing in Wilmington, The Weinstein Co. Holdings LLC attorney Paul N. Heath of Richards Layton & Finger PA said that 18 months of negotiations and mediation have resulted in a settlement framework that requires approval of the parties, and the debtor is hopeful that a final resolution will soon be...

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