The Weinstein Company President and COO David Glasser was reportedly fired Friday night, perhaps clearing a major obstacle to the film company’s sale.
“The board of the Weinstein Company has unanimously voted to terminate David Glasser for cause,” the board said in a brief statement late Friday, the Los Angeles Times reported.
A Wall Street group was about to close on a $ 500 million acquisition of the beleaguered film company earlier this week and planned to name Glasser as the CEO.
The sale, however, came to a screeching halt when New York Attorney General Eric Schneiderman filed a lawsuit calling out Glasser for enabling Harvey Weinstein’s reign of sexual harassment.
AG details abuse that sparked his suit against The Weinstein Co.
The AG’s four-month probe into the company found through documents and interviews that Glasser was an “enabler” to Weinstein’s conduct.
Schneiderman’s office had asked the group for assurances that there would be a victim compensation fund and a future protection for the company’s employees.
The AG filed the suit after discovering Glasser’s imminent promotion.
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