Michigan State University will pay a total of $500 million to settle lawsuits brought by victims of Larry Nassar, the former Michigan State University professor and doctor who sexually abused hundreds of young girls and women.
The terms of the settlement include $425 million dollars paid to current claimants, and $75 million set aside in a trust fund to protect “any future claimants alleging sexual abuse by Larry Nassar,” according to the settlement.
The settlement only deals with accusations against Michigan State. Lawsuits are still under way against USA Gymnastics and the US Olympic Committee. The settlement was agreed to in principle by the Michigan State University Board of Trustees in a conference call Tuesday night.
Nassar admitted in court to using his position as a trusted medical doctor to sexually abuse young girls and women who came to him for medical care. He was sentenced to more than 100 years in prison.
“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 MSU. “We appreciate the hard work both sides put into the mediation, and the efforts of the mediator, which achieved a result that is responsible and equitable.”
Brian Breslin, Chair, MSU Board of Trustees released this statement:
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. We recognize the need for change on our campus and in our community around sexual assault awareness and prevention. A successful resolution to the litigation is a positive step in moving us all forward. We will continue working as a Board to address the necessary changes and improvements that are needed at our university.
We appreciate the hard work of the mediator and the parties involved in coming to this fair resolution.