As NYC Rape Retrial Looms, Harvey Weinstein Sues Brother & TWC Execs Over $45M Loan From 2016

deadline.com:

Harvey Weinstein is set to go to trial again in New York City for rape in April, however in the meantime, the incarcerated former producer is lashing out legally at his brother Bob Weinstein and former COO David Glasser over an old $45 million loan that was supposed to save The Weinstein Company in 2016.

Seeking a self-described “claw back of any improperly appropriated or ill gained assets and/or monetary sums taken by Third-Party Defendants” and other damages, Weinstein’s filing is “an action for fraud arising from the Defendants’ inducement of Weinstein to sign as a personal guarantor for a $45 million business loan from AI International Holdings (BVI) Limited to TWC Borrower 2016, LLC, which the Defendants then pilfered and misappropriated for their own uses and benefits, in blatant violation of the loan’s intended purpose, wrongfully leaving Weinstein solely liable for repayment when AI International, as the lender, sought to enforce the guarantee.” Which is a fancy way of saying Harvey Weinstein believes Bob Weinstein, now Studio 101 boss Glasser, accountant Irwin Reiter and almost a dozen John Doe and Jane Doe defendants screwed him and left him holding the bag while they made off with millions. “This mismanagement left the Companies unable to satisfy their financial obligations, resulting in insolvency and placing Weinstein at substantial personal financial risk as the guarantor of the Loan,” the February 13 jury trial filing in New York state court declares.

The 22-page document contains alleged examples of Glasser paying out $1 million to his father plus $5 million in bonuses and Bob Weinstein snagging $6 million from TWC accounts for his own use.