Weinstein Co Buyer Lantern Entertainment Accused of Racism, Fraud in $110 Million LawsuitJuly 2, 2018 – Article
The already-troubled acquisition of The Weinstein Co. and its assets by private equity firm Lantern Capital is facing another bump in the road: a $110 million lawsuit.
In a suit filed against Lantern on Monday, Marvin Peart, an executive producer on TWC’s “Mob Wives,” says that he helped orchestrate the deal for Lantern to buy TWC, for which he says Lantern agreed to pay him $10.5 million, and give him a seat on the new TWC board of directors. Peart says that Lantern reneged on its agreement with him after the deal was reached, and that it did so in part because he is African-American.
His lawsuit accuses the Dallas-based firm of breach of contract, fraud, misrepresentation and institutional racism.