East Lansing — Michigan State University has reached a $500 million settlement with 332 women and girls who said they were assaulted by disgraced former MSU sports medicine doctor Larry Nassar, according to a statement released by the women’s attorneys on Wednesday.
Following several rounds of mediation, the announced settlement requires MSU to pay $425 million to current claimants and $75 million toward a trust fund for any future claimants.
The MSU board of trustees agreed to a settlement via conference call Tuesday night, according to the release.
MSU Trustee Brian Breslin addressed the settlement in a statement posted on the university website Wednesday morning:
“We are truly sorry to all the survivors and their families for what they have been through, and we admire the courage it has taken to tell their stories,” he said.