Larry Nassar Victims Reach $500 Million Settlement With Michigan State University

Larry Nassar victims receive record-breaking settlement

Larry Nassar victims receive record-breaking settlement

"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. "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".

At Nassar's sentencing hearing in January, Lemke had harshly criticized MSU, saying: "Michigan State University, shame on you...."

According to a statement announcing the settlement, Michigan State will pay $425 million to the current and former students who are already party to the various lawsuits brought against the university, and set aside $75 million for any future claimants.

"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, special counsel to the university. The Los Angeles archdiocese in 2007 paid $660 million to 508 victims.

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Trustee Brian Breslin says Michigan State recognizes the "need for change" when it comes to sexual assault awareness and prevention.

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

The deal applies only to Michigan State University and MSU individuals sued in litigation.

The Michigan State University Board of Trustees signed off on the settlement during a conference call Tuesday night. This is about justice for the survivors; each of the women who came forward deserve justice.

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This is the latest in the fallout from the widespread abuse of hundreds of athletes.

Half a billion dollars is a staggering amount of money to comprehend, but it's important not to get too hung up on that number - the most important figure here is the fact that 332 people have come forward as victims of sexual abuse at the hands of a former doctor that MSU enabled for two decades. John Engler, interim president, said costs will be borne through a combination of tuition and state aid, as the Detroit Free Press reported.

It does not address allegations against other groups for which Nassar worked. The university was reportedly warned about Nassar's behavior as early as 1992, but the school continued to employ him. Strampel has pleaded not guilty to the charges. "That being said, my investigation is still open and ongoing". "Those who spoke at the many days of sentencing remain in my thoughts every day, and their strength is an inspiration to us all", said Michigan Attorney General Bill Schuette.

Former gymnast Rachael Denhollander issued statements on social media Wednesday about the $500 million settlement between Nassar's former employer and 332 victims.

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