Harvey Weinstein has filed a lawsuit claiming that his brother Bob Weinstein and other executives from their now-defunct film company misled him into guaranteeing a $45 million loan in 2016. Weinstein asserts that while he believed the loan was for saving The Weinstein Company, funds were diverted for personal gains. His lawyer argues that this deception targeted Weinstein as part of a broader scheme to undermine his leadership during a critical company crisis, specifically around the time of the sexual misconduct scandal that ultimately led to bankruptcy.
"Harvey Weinstein was deceived by those closest to him, and secured a $45 million dollar loan under the pretense of saving The Weinstein Company."
"While Harvey personally guaranteed the loan, others within The Weinstein Company enriched themselves and strategically undermined him, leaving him 'holding the bag' of debt."
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