Michigan State makes $500M settlement payment to Nassar survivor fund

Posted at 2:52 PM, Dec 04, 2018
and last updated 2018-12-04 15:18:19-05

Michigan State University made a $500 million settlement payment to the Larry Nassar survivor fund, created by the court and part of its settlement with the Nassar survivors.

In May, the university reached the settlement and steps were then taken to allow the university to make the initial $425 million payment to the Qualified Survivor Fund. The remaining $75 million will be set aside in a litigation fund.

According to the university, an independent judge will work directly with the survivors to determine individual payments.

“Making the payment on this settlement is an important step for the university, but it is not the only way MSU is accountable to those harmed,” Interim President John Engler said. “The entire campus is focused on implementing the improvements we’ve made in health care practices, reporting policies, campus-wide sexual assault education and prevention efforts and trauma-informed responses and treatment for survivors.”

There will be no confidentiality agreement or non-disclosure agreements attached to the settlement. It only applies to Michigan State University and MSU individuals who were sued. According to the lawyers, it doesn't address claims against USA Gymnastics, the U.S. Olympic Committee and others.