Michigan State to pay out at least $500 million to Nassar 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

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

Michigan State University will reportedly pay $500 million to survivors of Larry Nassar's sexual abuse in what is believed to be the largest settlement ever in a sexual misconduct case involving a university, according to ESPN.

Many victims have said they reported Nassar's abuse to various members of the Michigan State's staff. Campus police got their first report regarding Nassar in 2014, but the Ingham County prosecutor declined to file charges.

"It is the honest 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", attorney John Manly, who represents numerous victims, said in a statement. We recognize the need for change on our campus and in our community around sexual assault awareness and prevention.

The statement did not indicate how much money each victim would receive. It's also unclear where the money will come from.

Michigan State is a publicly funded school with an annual budget of about $1.3 billion.

The Nassar trial become a very public boiling point for the growing sex abuse scandal within organized sport.

Nassar treated campus athletes and scores of young gymnasts at his Michigan State office, building an global reputation while working at the same time for USA Gymnastics, which trains Olympians.

Last month at an emotionally charged board of trustees meeting, a sexual assault victim of Nassar alleged Engler pressured her to accept a payoff to settle her lawsuit without her attorney present. Michigan State will set aside an additional US$75 million in a trust fund for any victims who come forward in the future. Lawyers will also be compensated out of the $500 million pool. The school has insisted that no one covered up assaults.

Nassar, 54, pleaded guilty to molesting women and girls under the guise of treatment and was caught with child pornography. He is serving sentences that will likely keep him in prison for life.

At his sentencing hearing in January, more than 200 victims spoke out about the abuse they suffered at Nassar's hands, including Olympian Ally Raisman, who made a powerful statement reclaiming her own agency. Lawsuits still are pending against Indianapolis-based USA Gymnastics, the U.S. Olympic Committee and an elite gymnastics club in the Lansing-area where assaults occurred. But his accusers also said he molested them at a gymnastics-training ranch in Texas and at national and worldwide competitions.

He treated campus athletes and scores of young gymnasts at his Michigan State office.

Jonh Manly, an attorney for the women and girls who sued MSU alleging abuse by Nassar, credited those who came forward.

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