Michigan State University has reached a global settlement of $500 million dollars with the 332 survivors of former sports doctor Larry Nassar.
Attorneys representing the victims announced the settlement Tuesday. $425 million dollars will be paid to current claimants, and $75 million dollars will be set aside in a trust fund to protect any future claimants alleging sexual abuse by Larry Nassar.
No confidentiality agreements or non-disclosure agreements will be attached to the settlement.
In a press release, survivors’ attorney John Manly said, “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.”
Survivor Rachael Denhollander released a statement on Facebook Tuesday afternoon, saying, “I am very grateful to have reached a settlement with MSU that reflects the incredible damage which took place on MSU’s campus. I am thankful that the litigation phase is over so that my sisters and I can move forward.”
Michigan State University Board of Trustees Chair Brian Breslin called the resolution a “success”:
“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.”
MSU Trustee Dianne Byrum added, “I am pleased a settlement has been reached with the brave young women whose lives have been impacted by this tragic situation. Today’s settlement is an important step forward and we must continue working to change the culture at MSU to ensure this never happens again.”
This story was updated Tuesday, May 16 at 1:45 p.m.