Court approves procedures for auctioning Weinstein Co

New York: A U.S. bankruptcy judge, on Friday, approved procedures for auctioning the film studio co-founded by Harvey Weinstein, who was fired by the company last year in the wake of allegations of sexual assault.
The Weinstein Co filed for bankruptcy last month with an initial or so-called stalking horse bid from an affiliate of private equity firm Lantern Capital Partners, estimated to be worth around $310 million.