The Weinstein Company has been sold off in bankruptcy court to Lantern Capital, although the Delaware judge overseeing the proceedings must approve the sale.

TWC turned away a late bid from Broadway producer Howard Kagan which totaled $315 million plus a $30 million fund for the victims of Harvey Weinstein.

Kagan said in an interview that he just needed a bit more time, which TWC reportedly refused to give. "They have refused to engage. We were shut down today and the victims were shut down today. They're going to get zero."

TWC's unsecured creditors are not happy either . “Without knowing the respective value of the assets, in particular, the value of the unencumbered assets that are being cannibalized through the sale, it is mystifying how (the Weinstein Co.) could have determined that the sale to Lantern was better than the alternatives, including an independent sale of unencumbered assets,” the creditors say.

TWC at one point had about 60 bidders. Yet, Lantern Capital was the only bidder to submit a full bid, totaling $310 million plus the assumption of some liabilities, by the 5:00 PM deadline April 30.