The Weinstein Co. is considering a go-private sale as it seeks to rehabilitate its image in the wake of a series of sexual assault and harassment accusations against now-fired Harvey Weinstein, but the company faces an uphill battle in conducting proper due diligence and determining if anyone on the board or elsewhere knew of the co-founder’s behavior.
“There can be a whole plethora of legal issues with something like this,” said Howard Berkower, a partner with McCarter & English LLP’s corporate practice.