The former movie producer, who co-founded one of Hollywood’s most influential production studios Miramax, is facing allegations of sexual misconduct – including rape – from more than 70 women.
New York Attorney General Eric Schneiderman issued a statement, saying that the suit was lodged against the company as its executives and board consistently failed to protect employees from Weinstein.
The suit comes in the wake of reports that studio was about to be sold.
Weinstein, via his attorney, has repeatedly denied the allegations.
“Any sale of The Weinstein Company must ensure that victims will be compensated, employees will be protected going forward, and that neither perpetrators nor enablers will be unjustly enriched,” Schneiderman said in a statement.
According to reports circulating, the studio was in talks with a group of investors interested in buying it. The group is reportedly being led by Maria Contreras-Sweet, a former official in the Barack Obama administration.
The state’s suit is seeking restitution and damages, as well as penalties, for Weinstein’s reported victims. The amount was, however, not specified.
The suit also names Weinstein’s brother, Bob, who co-founded the company.
Harvey Weinstein fell from grace towards the end of 2017, with many women coming forward to accuse him of sexual misconduct, including rape. Rose McGowan, Ashley Judd, Gwyneth Paltrow, Angelina Jolie and Lupita Nyong’o are among some of the biggest names in the movie industry to accuse him of misconduct.