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 (371 million pounds), 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.
