The lawsuit follows AI International Holdings' 2017 suit against Harvey Weinstein and The Weinstein Co. affiliates for defaulting on the loan after Harvey's dismissal amid sexual misconduct allegations. Harvey Weinstein alleges that Bob Weinstein and Glasser settled their liability for $15 million, leaving him responsible for the remaining $30 million plus interest. He is currently detained, awaiting a retrial on sex crimes charges in New York. Bob Weinstein's attorney has dismissed Harvey's allegations as meritless.
Key takeaways:
- Harvey Weinstein has filed a lawsuit against his brother Bob Weinstein and other former executives of The Weinstein Company, alleging they duped him into guaranteeing a $45 million loan and misused the funds.
- The lawsuit claims that Bob Weinstein and others diverted millions from the company for personal use, contributing to its financial downfall and leaving Harvey Weinstein liable for the loan.
- Harvey Weinstein seeks to shield himself from financial liability for the loan and is pursuing punitive damages for alleged fraud and financial misconduct.
- Bob Weinstein and David Glasser, named in the lawsuit, have denied the allegations, with Bob Weinstein's attorney stating that Harvey's claims are without merit.