Michigan State University said Wednesday it has reached a global settlement in principle totaling $500 million with 332 victims of sexual abuse by MSU sports doctor Larry Nassar.

The terms of the settlement include $425 million to be paid to current claimants with $75 million set aside in a trust fund for any future claimants. At about $1.3 million per claimant, the settlement falls well short of the $3 million per person average that Penn State University paid to sexual abuse victims of a former coach, Jerry Sandusky.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]