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In its statement, the board of The Weinstein Company thanked Schneiderman for helping them reach the agreement with Lantern.

\"While we had hoped to reach a sale out of court, the Board is pleased to have a plan for maximizing the value of its assets, preserving as many jobs as possible and pursuing justice for any victims,\" Bob Weinstein, who is also chairman of the board, said in the statement.

\"PHOTO:
Bob Riha, Jr./Getty Images FILE
PHOTO: "Shakespeare in Love" Best Actress winner Gwyneth Paltrow (center) is joined by Harvey Weinstein (center left) and other stars as they celebrated their win of Best Picture at the 1999 Academy Awards in Hollywood, Calif., on March 21, 1999.
>

Lantern co-founders Andy Mitchell and Milos Brajovic said in the statement that they plan to reposition the company as a \"preeminent content provider, while cultivating a positive presence in the industry.\"

They also stated that they are committed to promoting \"a diverse and transparent [work] environment.\"

In its bankruptcy filings, the company listed its creditors between 200 and 1,000 and assets between $600 million and $1 billion.

In its statement, the company said it \"regrets that it cannot undo the damage Harvey Weinstein caused, but hopes that today’s events will mark a new beginning.\"

Though Harvey Weinstein has apologized for his behavior and sought professional help, his spokeswoman has said that \"any allegations of nonconsensual sex are unequivocally denied by Mr. Weinstein.\"

Following the claims and news reports, Weinstein was fired from the company that bears his name, banned from the Producer's Guild of America and expelled from the Academy of Motion Picture Arts and Sciences.

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