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USA Gymnastics files for bankruptcy amid Larry Nassar sexual abuse scandal

ANI  |  Georgia [USA] 

of America (USA) has filed for bankruptcy owing to its struggle to recover from sexual abuse scandal involving their former national team doctor

The bankruptcy petition has been filed to make a settlement in dozens of the sex-abuse lawsuits and to ensure the survival of victims. USA said that the petition would be helpful in expediting an equitable resolution of claims made by the survivors.

"The filing will help expedite an equitable resolution of the claims made by the survivors of sexual abuse perpetrated by We owe it to these brave women who have come forward," quoted USA Gymnastics, as saying.

Several gymnasts including Olympians had accused of abusing them at the ranch. More than 150 women and girls have said he had molested them under the pretext of medical treatment.

Nassar was sentenced to up to 175 years for sexually abusing young gymnasts in his care.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 09:40 IST