Co Business Editora: Last News

Jill Goldsmith Co-Business EditorA Delaware judge Tuesday denied a motion by some victims of jailed former mogul Harvey Weinstein to convert Weinstein Co.’s bankruptcy proceeding from Chapter 11 to Chapter 7, allowing the long process to move forward. Chapter 7 can dispense with classes of creditors – of which abuse victims are one in this case — and allow individuals to pursue claims separately.The attorney representing nine victims argued at a hearing this morning that the Chapter 11 plan so far encompasses much too large a group of claimants — possibly in the thousands — with too wide a range of claims, from rape to workplace intimidation.

Jill Goldsmith Co-Business EditorA federal judge Tuesday upheld New Jersey Governor Phil Murphy’s closure of movie theaters in the state, dismissing a motion for an injunction by the National Association of Theatre Owners and five cinema chains that would have allowed them to open their doors.Judge Brian Martinotti ruled that the state is not infringing on the theaters First Amendment rights in enforcing its pandemic-related closure. Theaters had tried to make a case for discrimination since New Jersey allowed churches to open but not movie theaters.The case has offered a close-up look at the effort by beleaguered theaters to restart business again after months of shutdowns due to COVID-19.