Michigan State will pay $500 million to survivors of Larry Nassar's sexual abuse in what is believed to be the largest settlement ever in a sexual misconduct case involving a university.
Attorneys representing 332 claimants reached an agreement with representatives from Michigan State during a mediation meeting Tuesday afternoon. The university's board of trustees agreed to the deal in principle. The settlement did not include provisions about policy or acknowledge the claims made against Michigan State.
Michigan State's agreement stipulates that $425 million will be distributed to claimants who are currently part of the lawsuits. An allocator will determine how much each person will receive. The remaining $75 million will be held in reserve for two years in the event that others come forward and make claims about Nassar's abuse.
