Harvey Weinstein resigns from Weinstein Company's Board

After a string of sexual harassment allegations on him, studio mogul Harvey Weinstein has finally resigned from The Weinstein Company's board of directors, just a week after he was sacked from the company.

The 65-year-old producer was told to resign or be kicked out, according to TMZ.

In a statement, the board said it also ratified its October 8 decision to fire Weinstein as chief executive of the award-winning movie and television company he co-founded with his brother, Bob.

His lawyer attended the meeting in person and claimed that his contract says there should be some sort of negotiation before Weinstein is terminated.

Powerhouse litigator Patricia Glaser is representing him in regards to his termination and his stake in the company.

Earlier, his brother Bob revealed he was pushing for Harvey to lose his ownership interest in The Weinstein Company.

He said, "Anybody can do what they want to do. I cannot control other people's actions. But he was fired by the board, okay? I was on that board. I fired him. He can fight. It will be a losing fight.

That is correct [that he has ownership interest in the company] and we are going to seek to sever that. It can't be done that quickly. But I am on it 24/7 and so is David Glasser and so is the board of directors that remain and so are the shareholders. This is being dealt with."

He also added that he wants there to be a separation between the company and Harvey.

"There have been men and women, actresses, actors, directors, but especially women I would say, who are so properly disgusted with my brother's actions. Their attitude is when there is finally the entire divorce, when there's the plan in place, when there is the separation in place. I have a reputation that's different than Harvey, obviously, and I work differently than him," noted Bob.