Michigan State settles with Larry Nassar victims for $500 million

“Michigan State has agreed to pay $500 million to 332 alleged victims of disgraced former sports physician Larry Nassar, settling lawsuits filed by the victims, both sides announced Wednesday,” as the Washington Post is reporting.

“’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 John Manly, one of several attorneys representing victims, 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.”

“The settlement will pay $425 million to the 332 girls and women who have come forward to date, averaging about $1.28 million per victim. Michigan State will set aside an additional $75 million in a trust fund for any victims who come forward in the future.

“‘Michigan State is pleased that we have been able to agree in principle on a settlement that is fair to the survivors of Nassar’s crimes,’ said Robert Young, a lawyer for the university.

“The settlement does not apply to other organizations still facing lawsuits over Nassar’s abuse, including the United States Olympic Committee, USA Gymnastics and famed former Olympic coaches Bela and Martha Karolyi.

“Penn State University paid out $109 million to 35 victims in the Jerry Sandusky scandal.”

The rest of the article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

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