Michigan State reaches $500M settlement with Larry Nassar sexual assault victims

Larry Nassar Survivors and Michigan State University announce they have successfully resolved existing litigation and agreed in principle to a $500 million global settlement

According to an attorney from MSU, the school will pay $425 million to the 332 victims and set aside another $75 million for a trust fund to protect against future claims of sexual abuse by Nassar.

The statement did not indicate how much money each victim would receive and it also did not say how Michigan State would pay the bill.

MSU said the university's Board of Trustees approved the settlement during a conference call Tuesday night.

Former gymnast Rachael Denhollander is hugged after giving her victim impact statement.

A victim credited with exposing serial sexual abuser Larry Nassar says she is grateful to have reached a legal settlement with Michigan State University that reflects the "incredible damage" that took place on campus. Alison Overholt, an ESPN vice president, says the women and girls who spoke out about how Nassar sexually abused them have shown "what it truly means to speak truth to power". Lawsuits still are pending against Indianapolis-based USA Gymnastics, the US Olympic Committee and an elite gymnastics club in the Lansing-area where assaults occurred. Many of them gave emotional testimony during Nassar's sentencing hearings. However, the settlement covers only the survivors connected to Michigan State.

Penn State University paid out US$109 million to 35 victims of Jerry Sandusky, an American football coach who was convicted in 2012 of 45 counts of child rape or sexual abuse.

USA Gymnastics reported Nassar to the Federal Bureau of Investigation in July 2015, but he continued to see patients at the university until a newspaper exposed him in September 2016.

The MSU board issued a separate statement in which it apologized to the victims and their families, while also acknowledging the "need for change on our campus and in our community around sexual assault awareness and prevention". Nassar was sentenced to 60 years in federal prison for child pornography charges and also faces two additional 40 year sentences in MI prisons for the sexual assault crimes.

Nassar pleaded guilty to molesting women and girls under the guise that he was treating them for injuries.

The state criminal inquiry into the university has so far yielded charges against William Strampel, the former dean of the MSU medical college where Nassar practiced. He is serving sentences that will likely keep him in prison for life. "There was a monster operating with impunity at Michigan State for years, and no one did anything". He had a global repute whereas working on the identical time for USA Gymnastics, which trains Olympians.

Gold medalists Jordyn Wieber, Aly Raisman, Gabby Douglas and McKayla Maroney are among those who say they were abused by Nassar.

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