Larry Nassar Settlements Will Cost Michigan State $500M
Michigan State University confirms it is settling hundreds of lawsuits filed by survivors of Larry Nasser’s sexual abuse for a half-billion dollars.
According to a MSU press release, the terms of the settlement are as follows:
- $425 million will be paid to current claimants
- $75 million will be set aside in a trust fund to protect any future claimants alleging sexual abuse by Larry Nassar
There will be no confidentiality agreements or non-disclosure agreements attached to the settlement. Additionally, the parties must act to address items necessary to finalize the agreement.
Survivors' attorney John Manly said “This historic settlement came about through the bravery of more than 300 women and girls who had the courage to stand up and refuse to be silenced. 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. It is the sincere 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.”