The Restructuring Room
Welcome to Sidley’s The Restructuring Room podcast. Join us as we discuss with prominent industry figures and practitioners the trending bankruptcy, restructuring, and insolvency topics in today’s global business news, as well as those cases that have shaped bankruptcy law and practice.
The Restructuring Room is hosted by partners Tom Califano and Genevieve Weiner, and managing associate Juliana Hoffman, Restructuring lawyers from the international law firm Sidley Austin LLP.
The Restructuring Room
The Weinstein Company Bankruptcy: Part 1 – Insights from the Inside
In March of 2018, amid numerous allegations of misconduct against its recently dismissed co-founder and chief executive, Harvey Weinstein, The Weinstein Company (TWC) filed for Chapter 11 bankruptcy.* In May of that year, the bankruptcy auction process began, and by July, TWC's assets were sold to the Dallas-based private equity firm Lantern Capital Partners for US$289 million.
In Part 1 of this two-part edition of Sidley’s The Restructuring Room, partner Tom Califano and managing associate Juliana Hoffman look back at Lantern’s purchase of those assets and how it impacted some of Hollywood’s biggest names. Joining them to share personal insights from his experience is Andy Mitchell, CEO and Managing Partner of Lantern Capital Partners.
* Sidley was very active in the bankruptcy as counsel for the administrative agent for the first lien lenders to the Weinstein Company; Tom Califano represented Lantern after their purchase of the Weinstein Company assets while at his prior firm.