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Michigan State has agreed to pay $500 million to settle lawsuits filed by 332 alleged victims of disgraced former sports physician Larry Nassar, both sides announced Wednesday, ending the university’s involvement in litigation over the former Olympic gymnastics doctor’s rampant sexual abuse of girls and women under the guise of medical treatment. The terms of the settlement include $425 million 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 a joint statement from attorney John Manly and Michigan State University

The settlement only deals with accusations against Michigan State . The deal surpasses the $100 million-plus paid by Penn State University to settle claims by at least 35 people who accused assistant football coach Jerry Sandusky of sexual abuse, though the Nassar deal involves far more victims. The United States Olympic Committee, USA Gymnastics, and famed former Olympic coaches Bela and Martha Karolyi all still face lawsuits filed by Nassar victims, who include Olympians Aly Raisman, McKayla Maroney, Simone Biles and Gabby Douglas. The Michigan State University Board of Trustees agreed to the settlement on Tuesday, with plans to pay $435 million to the 332 current accusers and set aside another $75 million in case other victims come forward. We recognize the need for change on our campus and in our community around sexual assault awareness and prevention.”

“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,” attorney John Manly, who represents some of the victims, told CNN in a statement in response. “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.”

Earlier this year, Nassar was sentenced to more than 175 years in prison for sexually abusing women and girls for decades during his time at Michigan State University and as a team USA Gymnastics doctor. Michigan State was accused of covering up Nassar’s abuse and ignoring complaints about him for years; in the aftermath, the university’s president resigned and William D. Strampnel — a former dean of Michigan State University’s osteopathic medical school and Nassar’s longtime supervisor — was charged with criminal sexual conduct, misconduct by a public official and two counts of willful neglect of duty. During the sentencing hearings, many accusers described an ultra-competitive gymnastics culture in which authority figures could not be questioned and Nassar was free to abuse young patients year after year.
Michigan State University announces that it will settle with sexual assault victims of Larry Nassar for over $500 million.