$500M settlement reached between Michigan State and Nassar victims

Larry Nassar pleaded guilty to sexual assault last year

The settlement announced on Wednesday includes $425 million set aside for current claimants and $75 million to protect against future claimants.

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"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 Manley said in the news release announcing the settlement today.

The Michigan State settlement is only part of several more ongoing legal battles related to Nassar.

Nassar was sentenced to 40 to 175 years in prison after he was convicted of abusing 140 girls and one boy while he was a sports physician at Michigan State University for almost two decades and as a doctor for the Olympic gymnastics team.

The chairman of Michigan State University's governing board says the school is "truly sorry" for what disgraced sports doctor Larry Nassar's victims and families went through. "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". Lawsuits still are pending against Indianapolis-based USA Gymnastics, the U.S. Olympic Committee and an elite gymnastics club in the Lansing-area where assaults occurred.

According to the university the settlement applies to only Michigan State University and MSU individuals sued in the litigation.

There will be no confidentiality agreements or non-disclosure agreements attached to the settlement.

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"This settlement from Michigan State is a huge victory for the survivors as it (is) the real first sign of accountability that we've seen".

Wednesday's settlement only addresses claims against the university.

Nassar, 54, pleaded guilty to assaulting victims with his hands under the guise of treatment.

Since January, MSU's administration ranks have been in complete upheaval, starting with the resignation of longtime President Lou Anna Simon, followed by the early retirements of Athletic Director Mark Hollis and longtime General Counsel Bob Noto. At least one swimmer was among those to testify that Nassar had sexually abused them as children.

During a remarkable series of court hearings, dozens of women came forward to speak against Nassar as well as the institutions that they said protected him, including Michigan State.

In 2014, for example, Amanda Thomashow reported Nassar's abuse to Michigan State officials. A MSU investigation cleared Nassar, saying the patient failed to understand the "nuanced difference" between abuse and medical treatment.

The Michigan medical license of Larry Nassar's former boss could be in jeopardy.

He pled guilty in the federal child porn case in July 2017 and to the sexual-assault charges in November 2017. His sentencing in state court this year drew worldwide attention as hundreds of his victims described their abuse.

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