1. USA Gymnastics Files for Bankruptcy as it Seeks to Resolve Sexual Abuse Claims

    USA Gymnastics Files for Bankruptcy as it Seeks to Resolve Sexual Abuse Claims

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

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    1. We owe it to the survivors to resolve, fully and finally, claims based on the horrific acts of the past and, through this process, seek to expedite resolution and help them move forward.
    2. 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.
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