Michigan State University has agreed to pay the victims of disgraced former U.S. Olympic gymnastics doctor Larry Nasser a combined $500 million, the attorneys who negotiated the deal announced Wednesday.
The settlement requires that the school pay $425 million to the 332 victims currently represented, as well as an additional $75 million to any future plaintiffs who come forward with allegations of sexual abuse by Nasser.
Nassar, who in addition to working as a doctor for the USA Gymnastics Federation also worked at an on campus clinic at Michigan State, was sentenced to two terms of up to 125 years and up to 175 years for sexually abusing hundreds of women under the guise of medical treatment.
"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.
Though the settlement has not been finalized, it was agreed to Tuesday night by the Michigan State board of trustees, according to the attorneys for both sides. The settlement does not compensate the alleged victims who filed suit against the USA Olympic Committee and USA Gymnastics.
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