USA Gymnastics, U.S. Olympic & Paralympic Committee and their insurers have agreed to fund a $380 million settlement with victims of longtime national team physician Larry Nassar, drawing to a close a five-year legal battle that has upended American Olympic sports governance. This settlement is among the largest ever recorded for victims of sex abuse and includes hundreds of athletes who were assaulted over 30 years. The final holdout insurer, TIG Insurance Company, made the decision to pay a substantial share of the settlement was confirmed in a hearing in bankruptcy court in Indianapolis. The settlement will include claims from Olympic gold medalists such as Simone Biles, McKayla Maroney, Aly Raisman, who were treated by Nassar during his time as the U.S. women’s squad doctor. It also includes gymnasts competing gymnasts competing for local clubs who sought treatment from Nassar on the strength of his national reputation, and a handful of victims of abusive coaches who had been pursuing claims against the sport’s governing bodies.
Need to speak with an attorney? Call our office at 816-524-4949 or visit our website to schedule a consultation.