USA GYMNASTICS FILES FOR BANKRUPTCY IN ORDER TO SUPPORT SEXUAL ABUSE SURVIVORS

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USA Gymnastics has filed for bankruptcy so it can “expeditiously resolve” claims by athletes sexually abused by former team doctor Larry Nassar

In January, Nassar was sentenced to up to 175 years in jail after nearly 160 women accused him of sexual abuse.

USA Gymnastics has filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code.

In its statement, the governing body said claims against USA Gymnastics are covered by insurance and their value will not be affected.