Published: Thu, May 17, 2018
Sport | By Stuart Potter

Michigan State To Pay $500M To Larry Nassar Victims

Michigan State To Pay $500M To Larry Nassar Victims

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

"I think that it's a step toward healing for myself and all of the fearless survivors who have told their truth", Thomashow said.

Now, in the midst of ongoing lawsuits and investigations, the sport of gymnastics is figuring out how to move forward; and advocates and victims, like Aly, are continuing to speak out about sexual assault and advocate for change.

The deal was announced Wednesday by Michigan State and lawyers for 332 victims.

The settlement applies only to Michigan State. "So Michigan State knowing that these problems existed with Dr. Nassar allowed him and paid him to actually go into the community and wear their colors and wear their badge of honor where he ultimately committed these atrocities".

Survivor Rachael Denhollander released a statement on Facebook Tuesday afternoon, saying, "I am very grateful to have reached a settlement with MSU that reflects the incredible damage which took place on MSU's campus".

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"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". "We appreciate the hard work both sides put into the mediation, and the efforts of the mediator, which achieved a result that is responsible and equitable".

Nassar used to work at the school as a sports doctor. Those working on legislation inspired by Nassar say they will continue to pursue those changes to state law.

Manly has represented multiple victims in cases against the university.

Nassar stands accused of molesting dozens of female student athletes while he was a doctor at MSU.

Nassar, 54, who is serving a federal prison sentence of 40 to 175 years in MI, had worked for decades with MSU students as well as U.S. Olympic gymnasts who alleged he abused them, including gold medalists Jordyn Wieber, Aly Raisman, Gabby Douglas and McKayla Maroney. He has been sentenced to 40 to 175 years in one MI county and 40 to 125 years in another on sexual assault charges.

MSU Interim President John Engler said that the school will use tuition money and state aid to pay for the $500 million in damages, though some lawmakers are against using taxpayer money to cover the cost of the settlement. The total settlement amount equals almost 30 percent of the university's total tuition revenue during the 2016-2017 academic year, according to the Detroit Free Press. The university's financial assets were valued at $6.1 billion, with a net position of $3.9 billion, as of June 30, 2017.

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