After a five-year legal battle, the U.S. Olympic and Paralympic Committee (USOPC), USA Gymnastics and the organization's insurance companies have agreed to award $380 million to the sexual abuse survivors in the case against former team physician Larry Nassar, Forbes reported . The athletic establishments also agreed to settle non-monetary lawsuits filed by the survivors. Officials will disperse the settlement payout, but an estimate of only $34 million will be paid directly from the USOPC. The commission will also be responsible for providing a $6 million loan to the USA Gymnastics as part of the sum's totality. The settlement comes after mediation rounds ended in a federal bankruptcy court in Indianapolis. Former Olympian Jamie Dantzscher filed the first civil lawsuit against Nassar. Eventually, more than 500 people filed their own lawsuits against the former physician and his then employers. "This settlement is the result of the bravery of hundreds of survivors who, despite legal...
