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USA Gymnastics, reeling from abuse claims, files for bankruptcy


By Joseph Ax(Reuters) - USA Gymnastics, the sport's governing body, filed for bankruptcy on Wednesday, saying that it is staggering under the weight of lawsuits filed by hundreds of women who were sexually abused by former national team doctor Larry Nassar.The organisation's chairwoman, Kathryn Carson, cited the lawsuits in the decision to seek protection from creditors in federal bankruptcy court in Indianapolis."Our organisation is a financially solid going concern but for the hundred lawsuits that we do have out there," Carson said on a conference call with reporters. "That is the primary ...

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First Published: Thu, December 06 2018. 05:47 IST