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  • tandfman
    replied
    Headline - USA Gymnastics, abuse survivors agree on proposed $400 million plus settlement

    https://www.dailynews.com/2021/10/21...us-settlement/

    Leave a comment:


  • gh
    replied
    Victims to vote on USA Gymnastics settlement plan

    https://www.insidethegames.biz/artic...ment-plan-vote

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  • donley2
    replied
    https://www.detroitnews.com/story/ne...al/8469638002/
    Gymnasts ask Congress to dissolve U.S. Olympic Committee over Nassar scandal

    Leave a comment:


  • gh
    replied
    Did Women’s Sports Foundation try to silence a leading voice fighting sexual abuse in sports?

    Nancy Hogshead-Makar was offered a $10,000 per month contract extension in 2014, but a condition was that she would not talk about sexual abuse



    https://www.ocregister.com/2021/10/1...-sexual-abuse/

    Leave a comment:


  • TN1965
    replied
    Olympic legend Aly Raisman likened the 'NWSL disaster' to USA Gymnastics' failures with Larry Nassar (yahoo.com)

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  • gh
    replied
    DOJ reviewing decision not to prosecute former FBI agents in botched Larry Nassar investigation

    https://www.usatoday.com/story/news/...ts/6006115001/

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  • bambam1729
    replied
    This is from today's The Sports Examiner, Rich Perelman's international sports newsletter. Looks like getting closer to the insurance companies covering the settlement costs.

    Gymnastics ● In advance of Monday’s hearing on the proposed Disclosure Statement for the re-organization plan in the USA Gymnastics case before the U.S. Bankruptcy Court for the Southern District of Indiana, another insurer has joined in agreement with the distribution plan.

    Great American Assurance Company, which had $41,287,985 in coverage outstanding, has agreed to be part of the settlement plan put forward by USA Gymnastics, the U.S. Olympic & Paralympic Committee and the Survivors’ Committee. Only TIG Insurance Company, with listed exposure of $106,201,818 – or 25% of the targeted $425 million total – has not agreed so far.

    The new plan documents show TIG to have 18 claims against it.

    Having all but one (very large) insurer as part of the settlement agreement is a strong argument for the plan to be approved, but there are technical objections to it which will be heard on Monday. No allocation plan of who would get how much money has been filed yet.

    Leave a comment:


  • Dave
    replied
    Originally posted by bambam1729 View Post

    They have about 4 different insurance companies - some of which have agreed to pony up the money, but a few are holding out.
    I have a vague recollection of a Chicago area insurance company that went down when the Chicago diocese had to pay the victims of their child molesting judgements.
    Last edited by Dave; 10-14-2021, 09:23 PM.

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  • bambam1729
    replied
    Originally posted by Dave View Post
    Só, what happens to gymnastics now? This is a lot uglier than doping. Presumably, more people go to jail. Where does the $425M come from? I’m guessing that isn’t in the petty cash fund. I doubt they have many real assets. Insurance?
    They have about 4 different insurance companies - some of which have agreed to pony up the money, but a few are holding out.

    Leave a comment:


  • Dave
    replied
    Só, what happens to gymnastics now? This is a lot uglier than doping. Presumably, more people go to jail. Where does the $425M come from? I’m guessing that isn’t in the petty cash fund. I doubt they have many real assets. Insurance?
    Last edited by Dave; 10-02-2021, 04:16 PM.

    Leave a comment:


  • TN1965
    replied
    Simone Biles on Olympics ordeal: 'I should have quit way before Tokyo' (yahoo.com)

    Two months after the 2020 Tokyo Olympics and just a few weeks after her bombshell testimony in front of the U.S. Senate, Simone Biles is ready to talk about what happened to her in Japan.

    Leave a comment:


  • KevinR
    replied
    I read some of the testimony given by Maroney. How those young ladies have made it past what that sleaze did to them is astonishing. The strength it had to take to push that out of hour mind and perform at the level they did is truly amazing.

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  • gh
    replied
    Senate hearing on Nassar wraps

    https://www.cnn.com/politics/live-ne...-21/index.html

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  • TN1965
    replied
    USA Gymnastics Reaches $425M Settlement With Larry Nassar Victims | Bleacher Report | Latest News, Videos and Highlights

    USA Gymnastics has reached a settlement agreement with the survivors of Larry Nassar as well as those sexually abused by others in power at the organization. According to USA Today's Nancy Armour, the $425 million proposal still requires full approval from survivors and creditors.

    Leave a comment:


  • tandfman
    replied
    Here's another Nassar story. I

    Headline - Larry Nassar has spent thousands in prison but still owes victims nearly $58,000

    https://www.nbcnews.com/news/us-news...early-n1275346

    Other news sources are reporting the same story. WaPo has a long one, but it's probably behind their paywall.
    Last edited by tandfman; 07-29-2021, 08:44 PM.

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