Harvey Weinstein has dropped a lawsuit against his brother Bob, in which he accused his sibling of “financial betrayal” that led to the collapse of his company.
Harvey Weinstein is in jail awaiting sentencing after he was convicted in June of sexual assault for a third time.
In February, his lawyers filed a counterclaim in a long-dormant lawsuit, seeking to reassign blame for the demise of the Weinstein Co. to his brother and two other employees.
Harvey Weinstein was exposed to dozens of sexual assault and harassment allegations in the fall of 2017, leading to his ouster from the company. Fatally wounded, the company declared bankruptcy a few months later, and its library was ultimately folded into Lionsgate.
In the counterclaim, Harvey Weinstein asserted that Bob Weinstein and David Glasser took millions in unjustified payments before the bankruptcy, leaving it vulnerable to insolvency. He also accused Reiter, the company’s longtime accountant, of failing to stop them.
Harvey Weinstein’s lawyers filed a notice on Friday that they were dropping the case against Bob, though they are still pursuing Glasser and Reiter.
“Harvey’s filing of this notice fully resolves the claims he asserted against Bob in this case,” said Bob Weinstein’s lawyer, Brian Kohn. “Bob entered no settlement with Harvey and paid him no consideration in exchange for the dismissal.”
Harvey Weinstein’s lawyers declined to comment.
Bob Weinstein loaned the company $11.1 million in a bid to keep it afloat before it went bankrupt. He was not repaid as part of the bankruptcy settlement in 2021.
Attorneys for Glasser and Reiter have filed motions to dismiss the case against them as well.