Nassar sex abuse victims, university reach $500M settlement: attorneys


May 16 (Reuters) - Sexual abuse victims of disgraced gymnastics Dr. Larry Nassar and Michigan State University have reached a settlement in principle in which the university will pay $500 million, attorneys for both sides said in a joint statement on Wednesday.

Under the settlement, $425 million will be paid to the 332 victims represented in current litigation, while the university will set aside another $75 million in a trust fund which could go to future plaintiffs who allege they were abused by Nassar, the attorneys said.

"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," plaintiffs' attorney John Manly said.

"Michigan State is pleased that we have been able to agree in principle on a settlement that is fair to the survivors of Nassar's crimes,” said Robert Young, special counsel to the university. (Reporting by Peter Szekely in New York; editing by Chizu Nomiyama and Jonathan Oatis)

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Gymnasts who have accused Larry Nassar of assault
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Gymnasts who have accused Larry Nassar of assault
Rachael Denhollander (C) the first woman to publicly say she was sexually abused by Larry Nassar, the former physician for the U.S. womens gymnastics team is hugged during a hearing in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
Larissa Boyce, a former gymnast sexually abused by Larry Nassar, the former physician for the U.S. womens gymnastics team attends a hearing of Nassar's trial in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
Rachael Denhollander (4th L with white blouse) the first woman to publicly say she was sexually abused by Larry Nassar, the former physician for the U.S. womens gymnastics team attends a hearing in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
Madeleine Jones, 18 of Farmington Hills, Michigan, who was victimized by former Michigan State University and USA Gymnastics doctor Larry Nassar attends a hearing in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
Larissa Boyce (R) gets a hug from Alexis Alvarado, both victims of Larry Nassar, during a hearing in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
kalie Lorincz (C) who was victimized by former Michigan State University and USA Gymnastics doctor Larry Nassar during a hearing in Ingham County Circuit Court on November 22, 2017 in Lansing, Michigan. Former USA Gymnastics team doctor Lawrence (Larry) Nassar, accused of molesting dozens of female athletes over several decades, on Wednesday pleaded guilty to multiple counts of criminal sexual conduct. Nassar -- who was involved with USA Gymnastics for nearly three decades and worked with the country's gymnasts at four separate Olympic Games -- could face at least 25 years in prison on the charges brought in Michigan. / AFP PHOTO / JEFF KOWALSKY (Photo credit should read JEFF KOWALSKY/AFP/Getty Images)
ANTWERPEN, BELGIUM - OCTOBER 02: McKayla Maroney of USA gets ready to compete in the Womens Vault Qualification on Day Three of the Artistic Gymnastics World Championships Belgium 2013 held at the Antwerp Sports Palace on October 2, 2013 in Antwerpen, Belgium. (Photo by Dean Mouhtaropoulos/Getty Images)
RIO DE JANEIRO, BRAZIL - AUGUST 16: Aly Raisman of the United States performs during the women's floor exercise final at Rio 2016 on Tuesday, August 16, 2016. Raisin finished second to fellow American Simone Biles. (Photo by AAron Ontiveroz/The Denver Post via Getty Images)
WASHINGTON, DC - SEPTEMBER 29: Olympic medalist Simone Biles stands on stage during an East Room event at the White House September 29, 2016 in Washington, DC. President Obama and first lady Michelle Obama welcome the 2016 U.S. Olympic and Paralympic teams to the White House to honor their participation and success in the Rio Olympic Games this year. (Photo by Elsa/Getty Images)
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(Reporting by Peter Szekely Editing by Chizu Nomiyama)

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