USA Gymnastics and the U.S. Olympic & Paralympic Committee have reached a $380 million settlement with hundreds of U.S. gymnasts abused by former national team doctor Larry Nassar, the New York Times reported.
Driving the news: The settlement marks the end of a five year legal battle and will compensate hundreds of gymnasts who were assaulted by Nassar and others over three decades, per the Wall Street Journal.
*The monetary sum is also one of the largest ever in a sexual abuse case.
State of play: The settlement was announced Monday during a bankruptcy proceeding for USA Gymnastics in Indiana, per the Times.
*Insurers of USA Gymnastics and the USOPC will fund most of the settlement, with USOPC paying $34 million and loaning USA Gymnastics $6 million for its own contribution, according to the Journal.
*Many gymnasts — including Olympic gold medalists Aly Raisman and Simone Biles — have spent years meditating with the sports federation. The settlement will go to over 500 athletes and will help cover medical care needed as a result of the abuse, per the Times.
The big picture: Nassar was sentenced to a minimum of 100 years in prison in 2018 after 160 women accused him of sexually abusing them under the pretense of medical treatment.
*In July, the FBI's inspector general issued a scathing report highlighting the "numerous and fundamental errors" in how the bureau handled its investigation into Nassar.
*In September, FBI Director Christopher Wray formally apologized to survivors for the agency's mishandling of the investigation.
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Source: AXIOS
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