REPORT: USA Gymnastics files for bankruptcy after hefty lawsuits over Larry Nassar
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(CNN) — USA Gymnastics has filed for bankruptcy as the 200,000-member organization struggles to recover from the Larry Nassar sexual abuse scandal.
The filing Wednesday will help “expeditiously resolve the claims made by the survivors of sexual abuse perpetrated by Larry Nassar,” USAG said.
The article goes on to state the following:
Nassar, a former USA Gymnastics physician, was sentenced in January to 40 to 175 years in prison after he pleaded guilty to seven counts of sexual misconduct.
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