The settlement is among the largest ever for sexual abuse, according to The Wall Street Journal, and ends years of legal wrangling.
by: Colin Meyn, The Hill via Nexstar Media Wire ( The Hill) – The organizations in charge of U.S. gymnastics have agreed to pay $380 million in a settlement with hundreds of victims of longtime team physician Larry Nassar, closing one part of a legal battle that has also extended to Capitol Hill. The settlement is among the largest ever for sexual abuse, according to The Wall Street Journal, and ends years of legal wrangling. “No amount of money will ever repair the damage that has been done and what these women have been through,” Rachael Denhollander, a Nassar survivor who was involved in settlement negotiations, told the New York Times. “But at some point, the negotiations have to end because these women need help — and they need it right now.” A final holdout insurer for USA Gymnastics and the U.S. Olympic & Paralympic Committee confirmed that it would pay much of the settlement during a bankruptcy hearing on Monday, the Journal reported. The U.S. Olympic & Paralympic Committee is set to pay $34 million of the settlement directly, as well as loan $6 million to USA Gymnastics for its contribution, per the Journal.
