One of many Weinstein Firm’s prime executives was fired on Friday night time in an obvious response to the New York legal professional common’s latest lawsuit in opposition to the corporate.
The corporate’s board mentioned it had “unanimously voted to terminate David Glasser for trigger.”
Glasser was the chief working officer. He was accountable for operating the studio together with Harvey and Bob Weinstein.
After Harvey Weinstein was accused of harassment and abuse by dozens of girls final fall, Weinstein was pressured out of the corporate. Glasser was instrumental in in search of a purchaser to keep away from a company chapter.
However questions persevered the entire time about how a lot Glasser and Bob Weinstein knew about Harvey’s conduct.
New York Legal professional Basic Eric Schneiderman’s workplace started an investigation shortly after the harassment tales first got here out.
Glasser was the purpose individual for the Weinstein Firm’s contacts with Schneiderman’s workplace, based on an individual aware of the board’s actions.
Schneiderman was annoyed by the shortage of cooperation he obtained each from the Weinstein Firm and from the investor group that attempted to purchase the corporate’s belongings.
On February 11, the difficulty got here to a head. Schneiderman filed a civil motion in opposition to Harvey, Bob and the Weinstein Firm.
The grievance didn’t identify Glasser, nevertheless it cited the function of firm administration. “Weinstein Firm management was complicit in Harvey Weinstein’s wrongdoing,” Schneiderman mentioned. “They knew what was taking place. They knew how pervasive it was. And but they did nothing.”
Schneiderman’s swimsuit successfully stood in the best way of the pending sale.
Folks concerned with the sale talks informed CNNMoney that the deal was in jeopardy, though they did not rule it out altogether.
The buyers, led by Maria Contreras-Candy, listened carefully when Schneiderman held a press convention on Monday.
The A.G. mentioned his workplace “is not going to stand in the best way” of a deal so long as “victims might be adequately compensated,” staff might be protected, and executives who knew about Weinstein’s alleged acts “is not going to be rewarded.”
Based on Schneiderman, Glasser was in line to be CEO of the newly-formed firm. He indicated that Glasser’s continued involvement was unacceptable.
The Weinstein Firm’s remaining board of administrators have been disgusted by the allegations contained in Schneiderman’s swimsuit, based on the individual aware of the board’s actions.
Relating to Glasser, “the board was decided to ship a transparent sign to purchasers that he is not going to be a part of any future deal,” the individual mentioned.
Friday night time’s firing has left Weinstein Co. staffers much more at nighttime.
However it looks like the board and the possible patrons are making progress with Schneiderman.
A spokeswoman for Schneiderman declined to remark.
Glasser couldn’t be reached for remark.