The investors pulled out of the deal after discovering tens of millions of dollars in undisclosed debt. The Weistein Company says it will continue to pursue an orderly bankruptcy process to maximise its value.
State Attorney General Eric Schneiderman says the company repeatedly broke New York law by failing to protect its employees from pervasive sexual harassment and discrimination.
Netflix says Spacey will no longer be a part of "House of Cards". The company will also not release the film "Gore," which was in post-production and starred the 58-year-old actor.
New York's top attorney sent the company a subpoena on Monday, requesting information regarding how complaints related to sexual harassment or other discrimination were handled by the company, says a source familiar with the probe.
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