JUST IN : Michigan State University has agreed to pay a total of $500 million to settle lawsuits brought by 332 victims (yes, you read that correctly) of Larry Nassar, the former MSU associate professor and doctor who sexually abused hundreds of young girls and women, including members of the US Gymnastics team.
$425 million will be paid to current claimants, and $75 million is set aside in a trust fund to protect “any future claimants alleging sexual abuse by Larry Nassar,” according to the statement.
This does not include lawsuits against USA Gymnastics, the US Olympic Committee, gymnastics coaches Bela and Martha Karolyi, or other parties.
“This historic settlement came about through the bravery of more than 300 women and girls who had the courage to stand up and refuse to be silenced,” said attorney John Manly said in the statement on Wednesday.
“It is the sincere hope of all of the survivors that the legacy of this settlement will be far-reaching institutional reform that will end the threat of sexual assault in sports, schools and throughout our society,” he added.
