Michigan State University will pay a total of $500 million to settle lawsuits brought by 332 victims of Larry Nassar, the former MSU associate professor and doctor who sexually abused hundreds of young girls and women.
The terms of the settlement include $425 million paid to current claimants, and $75 million set aside in a trust fund to protect "any future claimants alleging sexual abuse by Larry Nassar," according to a joint statement from attorney John Manly and Michigan State University.
The settlement only deals with accusations against Michigan State. It does not address lawsuits against USA Gymnastics, the US Olympic Committee, gymnastics coaches Bela and Martha Karolyi, or other parties.
The settlement in principle was agreed to by the Michigan State University Board of Trustees in a conference call Tuesday night, the statement said.
"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," Manly said in a statement.
"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.
To read full article - http://v.duta.us/YQ9hWAAA