Female-led investor group to buy Weinstein Co. assets

An investor group led by a former Obama administration official reached a deal to buy The Weinstein Co.'s assets.

Former Small Business Administration chief Maria Contreras-Sweet plans to launch a new company with a majority-female board to rebuild the tarnished studio.

New York Attorney General Eric Schneiderman, who filed suit against The Weinstein Co., announced he received commitments that a well-funded victims compensation fund would be created, that new policies would protect employees in the new company and that "bad actors" would not be unjustly rewarded.

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