Acting President John Engler and the Michigan State University Board of Directors announced the end of the university`s financial transfer to a settlement fund created by the court, which complied with its agreement with Larry Nassar`s sexual assault survivors. „I am pleased to see that an agreement has been reached with the brave young women whose lives are affected by this tragic situation. Today`s agreement is an important step forward, and we must continue to work to change the culture of the MSU so that this does not happen again. It is not unexpected that MSU should have to sue in an attempt to force its insurance companies to pay. After the Jerry Sandusky scandal, Penn State engaged in a legal battle with its insurers before agreeing on the amount of the payment. Penn State`s latest financial report indicates that insurers have covered $30 million in costs, while other insurance claims have not yet been repaid. Nearly 18 months after Michigan State University sued a dozen insurance companies to pay a record comparison with survivors of Larry Nassar`s sexual assaults, the case remains pending. The university and the companies are conducting mediation talks, but legal action could soon resume if there is no other movement. The deal was agreed by the Michigan State University Board of Directors on a conference call Tuesday night, the press release said. POHL: And some of these insurances have already been compared. Tell me about that and how much money may already go to these colonies.

POHL: What can you tell me, if so, when the university expects it to receive that amount of reference money from the companies with which it has done things? The companies „did not recognize their contractual coverage obligations, they refused to even recognize the potential for coverage under their respective policies,“ the complaint states. „No defendant insurer paid amounts to reimburse ÀSU for the costs incurred in the defence and payment of MSU`s liability as a result of Nassar`s conduct. As a result of the breach of their contractual obligations by the defendant insurers in connection with their respective policies, MSU has borne and continues to bear the full costs of its investigation and defence with respect to the underlying rights. „We felt that the Healing Assistance Fund was a way to support survivors through an incredibly difficult time,“ said Brian Breslin, Chair of the Board of Directors. „The fund should be a bridge from the place of birth to when survivors would receive payments from a comparison with the university. Now that the university has fulfilled its commitment and filed the resolution funds, we support the transfer of the remaining healing assistance fund to the liquidation of $500 million. We hope that survivors in need of advice will continue to seek appropriate services, including the various options available on campus. According to the press release, there will be no confidentiality or confidentiality agreements. In addition, the parties must act to address the issues necessary for the conclusion of the agreement. The agreement is expected to be signed by next week.

However, the ongoing lawsuits against USA Gymnastics and other organizations mean that the legal consequences of Nassar`s abuses are far from being resolved. „Michigan State is pleased that we have been able to agree on the principle of a fair settlement for Nassar`s crime survivors,“ said Robert Young, Special Advisor to the MSU. „We appreciate the hard work that both parties have put into mediation and the efforts of the mediator that have resulted in a fair and responsible outcome.“ MSU reached a more than $500 million agreement with survivors in May, and lawsuits were recently taken to allow the university to pay $425 million to the Qualified Survival Fund for the first time.