Larry Nassar victims reach $380 million settlement with USA Gymnastics, US Olympic Committee and insurers

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Larry Nassar victims reach $380 million settlement with USA Gymnastics, US Olympic Committee and insurers
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USA Gymnastics, the US Olympic and Paralympic Committee and their insurers agreed to a $380 million settlement with the victims of Larry Nassar, according to an attorney for multiple victims

Judge Robyn L. Moberly of the US Bankruptcy Court in the Southern District of Indiana officially approved the settlement in court Monday."The plan has been overwhelmingly accepted by all parties to this bankruptcy. The court certainly finds that it's feasible," Moberly said.The settlement is part of the USAG's plan to exit bankruptcy as the organization has struggled to recover from the Nassar scandal.

A number of the women said that they had reported the abuse previously but that the systems of authority, including USA Gymnastics, the US Olympic and Paralympic Committee and Michigan State University, did not take their concerns seriously.

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