Michigan State University Reaches Historic $500 Million Settlement in Larry Nassar Case

Larry Nassar victims receive record-breaking settlement

That's certainly a big deal for victims; there are now more than 300 victims who have come forward, and given the $75 million set aside in the settlement for future victims, it's horrifying to think that there are likely many more out still out there.

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.

The settlement was announced Wednesday in a press release from the California attorneys involved in the case, according to MLive.com, but Michigan State and the attorneys reached the agreement in a meeting Tuesday evening.

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

"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".

The suits claim that the other defendants had opportunities to put an end to Nassar's abuse and failed to do so, and that those organizations were accountable for allowing the former doctor to sexually abuse women for over 20 years.

Nassar, who worked as an osteopathic physician for USA Gymnastics and was a faculty member at Michigan State, was convicted in three courts of charges that included abusing his patients.

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More than 250 gave statements in court when Nassar was sentenced for sexual assault in January and February.

State regulators filed a complaint Wednesday against Dr. William Strampel, who was dean of Michigan State University's medical school. Under the agreement, $425 million would be paid to current claimants and $75 million would be set aside for any future claims.

Lindsey Lemke, a former MSU gymnast, said she hoped the settlement would bring what she has called long-overdue change in how the university responds to abuse claims. He's now serving a 60-year sentence for federal child pornography charges.

Trustee Brian Breslin, chairman of MSU's governing board, said the school is "truly sorry" for what victims and their families went through and says the school recognizes a "need for change" in sexual assault awareness and prevention.

Nassar is now being held in federal jail and will likely remain there for the rest of his life.

Michigan State is a publicly funded school with an annual budget of about $1.3 billion. He had a global repute whereas working on the identical time for USA Gymnastics, which trains Olympians.

The sexual abuse settlement appears to be one of the largest of its kind, reflecting the sheer number of victims, including well-known athletes such as 2012 Olympic gold medallist McKayla Maroney.

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