Wednesday, December 12, 2018


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Victim and Olympic gold medalist Aly Raisman speaks at the sentencing hearing for Larry Nassar, (R) a former team USA Gymnastics doctor who pleaded guilty in November 2017 to sexual assault charges, in Lansing, Michigan, January 19, 2018.

Brendan McDermid | Reuters
Victim and Olympic gold medalist Aly Raisman speaks at the sentencing hearing for Larry Nassar, (R) a former team USA Gymnastics doctor who pleaded guilty in November 2017 to sexual assault charges, in Lansing, Michigan, January 19, 2018.

USA Gymnastics filed for reorganization under Chapter 11 of the Bankruptcy Code, which will allow it to continue operating while it tries to resolve sexual abuse claims made by hundreds of athletes against former USA Gymnastics national team doctor Larry Nassar.

“USA Gymnastics believes that the Bankruptcy Court is the best forum in which to implement appropriate procedures to equitably determine and allocate the insurance proceeds among claimants, allowing compensation to survivors to proceed more quickly than litigation filed in multiple courts around the country,” the organization said in a statement.

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