The Michigan State University Board of Trustees signed off on the settlement during a conference call Tuesday night. The university announced Wednesday that it agreed to a $500 million settlement with victims. Additionally, the parties must act to address items necessary to finalize the agreement.
Newsy's partners at WXYZ report $425 million will be paid now to the more than 300 survivors who've filed claims. We appreciate the diligent efforts of Mick Grewal and the survivors' attorneys throughout the nation who worked to obtain this measure of justice and healing. We also thank the mediator and all who participated in crafting this settlement.
Victim and former gymnast Aly Raisman appears before speaking at the sentencing hearing for Larry Nassar, a former team USA Gymnastics doctor who pleaded guilty in November 2017 to sexual assault charges, in Lansing, Mich., Jan. 19, 2018. It does not address claims against U.S. gymnastics, the United States Olympic Committee, Bela and Martha Karolyi, Twistars, John Geddert or any other parties, said the press release from the California law firm of Manly, Stewart & Finaldi in Los Angeles.
The settlement only applies to cases brought against Michigan State University and individuals associated with the school. "We appreciate the hard work of the mediator and the parties involved in coming to this fair resolution".
"We are truly sorry to all the survivors and their families for what they have been through, and we admire the courage it has taken to tell their stories", Breslin said in a statement. She says the deal will help the "sister survivors" move forward, and her decision to come forward publicly in 2016 was motivated by the need for accountability and reform, "so that other little children don't live the nightmares we lived".
Wednesday's settlement only addresses claims against the university.
Former Michigan State University and USA Gymnastics doctor Larry Nassar listens during the sentencing phase in Eaton, County Circuit Court on January 31, 2018 in Charlotte, Mich. Michigan Attorney General Bill Schuette released a statement saying he is "pleased" that the settlement has been approved.
Many questions remain about the nature of the settlement, including where the money will come from.
Special Counsel Bill Forsyth said, "It is very important to see resolution on the civil side, and I hope this provides some sense of relief and closure for the survivors". "That being said, my investigation is still open and ongoing".
Nassar pleaded guilty to molesting women and girls under the guise that it was treatment. It also doesn't say how Michigan State will pay the bill.
Nassar began volunteering as an athletic trainer for the USAG in the 1980s, working with the US national gymnastics team.
News 10 will have complete coverage of this settlement, including campus reaction, on News 10 at 6 PM.
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