>> New York's attorney general sued the Weinstein company and movie producer Harvey Weinstein following allegations of sexual misconduct including rape by more than 70 women. The civil suit by Attorney General Eric Schneiderman alleges that Weinstein sexually harassed employees for years. And accuses company heads including Weinstein's brother and co-CEO Bob Weinstein of failing to stop the abuse after repeatedly being presented with credible evidence.
>> The company's management was complicit in this pattern of misconduct. They knew what was happening. It was flagrant, it was flamboyant, they knew how pervasive it was. And not only did they fail to stop it, they enabled it, and covered it up.>> Rueters reporter Jessica DiNapoli says the suit brings the future of the company in doubt.
>> The company has seen business partners leave, they've seen board members leave, and they've seen employees leave. They are still a company, there are still employees working there. And they're trying to sell it. But it's at a very precarious position where it may have to sell or look for other options including potentially bankruptcy.
>> The studio has been in talks to sell to a group of investors led by former Obama official Maria Contreras Sweet, but now the suit has put the negotiations to sell on hold. Schneiderman said that any sale of the company must ensure victims be compensated and employees be protected going forward.
Weinstein's attorney said a fair investigation by Schneiderman would prove that many of the allegations against his client were without merit. The New York Times was the first to report on abuse by Weinstein back in October. Reuters has not been able to independently confirm the allegations.