Hundreds of female gymnasts who were sexually abused by former doctor of the national gymnastics team Larry Nassar have agreed to a $380 million settlement with U.S.A Gymnastics and the United States Olympic & Paralympic Committee.
As reported by the Wall Street Journal, the settlement, announced Monday, is among the largest ever for a sexual abuse case.
The funds will compensate over 500 gymnasts - including Simone Biles, McKayla Maroney and Aly Raisman.
“No amount of money will ever repair the damage that has been done and what these women have been through,” survivor Rachael Denhollander said. “But at some point, the negotiations have to end because these women need help - and they need it right now."
Insurers of U.S.A Gymnastics and the Olympics committee will pay the bulk of the settlement, but the committee also agreed to pay $34 million of its own money and will give U.S.A Gymnastics a loan of about $6 million.
Under pressure from the lawsuits, U.S.A Gymnastics filed for bankruptcy protection in late 2018, the same year Nassar was sentenced to what amounted to life in prison.