After last ditch talks to sell off their assets collapsed, the Weinstein Company's board of directors are expected to file for bankruptcy. A report from the Los Angeles Times indicated the board reached the decision on Feb. 25th, being left with no other option to pursue. The board was in talks with a group of investors to sell off the struggling studio's assets for $500 million, along with a pact for the bidders to raise $40 millions in a fund to compensate accusers of Harvey Weinstein.
