Despite his ongoing legal problems, Harvey Weinstein is waging a new judicial battle on a multimillion dollar loan he signed in 2016.
Mogul of the embedded film, which is awaiting a retrial in his overthrow of rape of 2020, filed a lawsuit against his brother Robert and other business associates in the Supreme Court of New York District , according to court documents obtained Monday by USA Today.
In the 22 -page complaint, Weinstein claims that Robert and his associates at Weinstein made a scam after he became the guarantor of a $ 45 million loan from him International Holdings (BVI) Limited. Oscar winning manufacturer claims that credit funds were “pilgrimable and abused for their uses and benefits, in unclear violation of the target goal of credit”.
Founded by Brothers Weinstein in 2005, Weinstein Co. It was an independent film production and distribution company that helped produce hits of archives such as “Django Unchained”, “Silver Linings Playbook”, “Inglourious Basterds” and “Paddington.” The company presented bankruptcy in 2018 after charges of Many for sexual harassment and rape were made against Weinstein.
In addition to his brother Robert, Weinstein is sueding Weinstein Co.’s associates. David Glasser, Irwin Reiter and a group of 10 John and Jane. Glasser served as the main operating officer, while Reiter worked as an Executive Vice President of Accounting and Financial Reporting.
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Weinstein, who was “responsible for the repayment” of the loan, is seeking compensatory and punitive damage, as well as the injector facilitation to be determined in the trial.
The lawsuit comes just three months after Weinstein and his legal team raised a $ 5 million request against Rikers Island Correctional Facility, Bellevue Hospital and detention officials.
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Harvey Weinstein claims that 2016 Credit was misused for ‘personal purposes’
According to Weinstein’s lawsuit, filmmaker’s brother and business partners had a history of abuse funding funds, including the 2016 loan from that International.
Although funds from the $ 45 million progress are reported to have been set only for “legitimate goals of the business essential for” Weinstein Co. operations. , unrelated business enterprises and personal expenses. “
Mentioning past financial records, Weinstein claims Robert Weinstein “withdrew or received at least $ 2.2 million in personal advances and loans from Weinstein Company Holdings LLC, between August 2017 and February 2018”, despite the problems of fiscal assembly and “liabilities of debt. “
“These self-service financial extracts were made while creditors, including International, remained unpaid, and companies faced close collapse,” the lawsuit said. “The time and model of these payments demonstrate a deliberate disregard for financial responsibilities, supporting claims of induction and fraudulent abuse.”
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Weinstein accuses Glasser and Reiter of similar financial behavior in the complaint. Glasser apparently “engaged in a systematic model of self-cleaning”, which allegedly included the authorization of a $ 1 million payment to his father using company funds.
Meanwhile, Reiter who apparently had a regular access to financial data in his executive role-is to fail to prevent “self-taking and abuse” of credit funds and “actively participated in approval, facilitating and concealing improper financial transactions. “
The defendants “deflected and misused loan funds for their benefit, involving a deliberate self-action and mismanagement scheme that left companies financially and unable to fulfill their obligations,” the lawsuit said .
Lawyers for Robert Weinstein, Glasser and Reiter were not available for comment at the time of publication.
Harvey Weinstein calls the brother’s loan solution a ‘self-service agreement’
The inability of Weinstein Co. To pay the international loan of he led to the settlement negotiations with the company led by Robert Weinstein and Glasser.
Weinstein claims in his lawsuit that the solution, which left him financially responsible for approximately $ 30 million on credit (including interest), was “committed with fraudulent and disobedient purposes”.
The defendants “reached a self-service agreement with that International to repay the debt for a significant payment of approximately $ 15 million,” the lawsuit said. “Under this agreement, third parties’ defendants provided a release from the loan responsibility while deliberately leaving Weinstein exposed to the full balance of the loan.”
Weinstein is in the continuing trial with that International in a special lawsuit after the company filed a complaint seeking to keep it responsible for repaying the loan.
“Weinstein was left unjustly responsible for the loan repayment when that International demanded payment,” the lawsuit concludes. “Defendants’ deceitful actions have caused Weinstein’s serious financial damage, as well as the damage to the reputation coming from their reckless and illegal behavior.”
Contribution: Andrea Mandell, Kimi Robinson and Taijuan Morman, USA Today