Larry Nassar Victims To Receive $500 Million In Michigan State Settlement

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Michigan State University will pay $500 million to victims in the Larry Nassar sexual abuse scandal.

Michigan State University has reached a settlement with more than 300 victims of sexual abuse at the hands of Larry Nassar.The school will pay $500 million to 332 alleged victims, The Washington Post reported on Wednesday.

Michigan State's settlement dwarfs the settlements paid out by Penn State, another Big Ten school, to the victims of Jerry Sandusky in terms of volume, but not ratio.

USA Gymnastics, the United States Olympic Committee and Twistars gymnastics club, located in MI, are also named in the lawsuit, according to Jamie White, who represents 46 survivors.

Nassar, 54, pleaded guilty to assaulting victims with his hands under the guise of treatment. Three Olympic gold medallists - Aly Raisman, McKayla Maroney and Gabby Douglas, who all won at London 2012 - were among his accusers.

Newsy's partners at WXYZ report $425 million will be paid now to the more than 300 survivors who've filed claims.

As a result of today's agreement between the attorneys representing 332 claimants and representatives from Michigan State, $425 million will be distributed to claimants who are now part of the lawsuits.

The deal does not include any non-disclosure or confidentiality agreements, according to a statement from lawyers and the university. She vowed to advocate for legal changes and structural reforms at the key institutions involved.

It does not address claims against USA Gymnastics, the US Olympic Committee, or the owners of the Texas facility where gymnasts trained, according to a statement from the California law firm of Manly, Stewart & Finaldi in Los Angeles.

Some 200 victims testified during live-streamed sentencing hearings in January and February about the resulting emotional and physical scars they have endured. The university and lawyers for the victims announced the deal Wednesday.

"It is very important to see resolution on the civil side, and I hope this provides some sense of relief and closure for the survivors", Forsyth said.

Nassar handled campus athletes and scores of younger gymnasts at his Michigan State workplace, constructing a world popularity whereas working on the similar time for USA Gymnastics, which trains Olympians.

Michigan Attorney General Bill Schuette announced earlier this year that the university would be investigated in a bid to uncover "who knew what and when, who took action, who failed to take action".

During sentencing, hundreds of women read statements in court about the effects of the abuse.