Weinstein Bankruptcy Sale Approved as Movie Industry Grouses

Weinstein Co., the movie company hobbled by sexual harassment claims against co-founder Harvey Weinstein, won court approval to sell itself to Lantern Entertainment in a deal worth about $437 million including debt.

U.S. Bankruptcy Judge Mary Walrath said she would approve the deal, which includes $310 million in cash that will be used to pay whatever secured debt Lantern doesn’t take on as well as the sexual harassment claims that forced Weinstein Co. into bankruptcy.

The company still faces nearly 100 objections to the sale from various people and organizations in the entertainment industry. Those complaints mostly involve small amounts ...