Michigan has agreed to a $490 million settlement with more than a thousand accusers who claim former sports doctor Robert Anderson sexually assaulted them at the school ... the university confirmed Wednesday.
Anderson -- who worked at the university from 1966 until his 2003 -- was accused of fondling and raping athletes over his decade-long career under the guise of "medical treatment."
Anderson served as head of University Health Service ... and was the team physician for the UM Athletic Dept. He retired from the university in 2003 and died in 2008.