Scott Olson via Getty Images
Michigan State University, his former employer, argued it's immune as a state institution from being sued - and noted the statute of limitations on numerous cases had expired.
The remaining $75 million will be set aside in a trust fund in case there are any future claimants who come forward alleging abuse by Nassar. The school was accused of ignoring or dismissing complaints for years about Nassar.
In a statement, Brian Breslin, chairman of MSU's Board of Trustees says the school recognizes "the need for change on our campus and in our community around sexual assault awareness and prevention".
The settlement does not apply to claims Nassar's victims have against USA Gymnastics, the U.S. Olympic Committee or Dimondale-based Twistars USA Gymnastics Club, where Nassar also worked and gained access to young female athletes who he molested under the guise medical treatment.
The settlement only deals with accusations against Michigan State.
Michigan State University has settled hundreds of lawsuits filed against it by the survivors of Larry Nassar's sexual assaults.
A lawyer for the survivors, John Manly, said, "This historic settlement came about through the bravery of more than 300 women and girls who had the courage to stand up and refuse to be silenced".
In January, more than 150 women testified at trial about Nassar's pattern of sexual abuse. University spokeswoman Emily Guerrant said school leaders now will work on a way to pay the bill. If he ever released, he faces up to 175 years in a MI state prison for first-degree criminal sexual conduct. John Engler, the former MI governor, was named the interim president by the board of trustees.
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President Trump admits he repaid attorney Michael Cohen in financial form
The footnote appears in a report giving the first extended look at Trump's income from his properties since he became president. Cohen is required to be reported and that the information provided meets the disclosure requirement for a reportable liability".
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MSU said that $425 million will.
Michigan Attorney General Bill Schuette appointed a special prosecutor to investigate the university and find out who knew what, when and what they did about it.
He pled guilty in the federal child porn case in July 2017 and to the sexual-assault charges in November 2017. Strampel has pleaded not guilty to the charges.
"It is very important to see resolution on the civil side, and I hope this provides some sense of relief and closure for the survivors". A MSU investigation cleared Nassar, saying the patient failed to understand the "nuanced difference" between abuse and medical treatment.
News 10 will have complete coverage of this settlement, including campus reaction, on News 10 at 6 PM. She says many survivors "still have no voice".
And S&P Global Ratings, despite noting that MSU likely can take on more debt, also has lowered its outlook on the university to negative, in response to pending investigations into MSU, along with lots of turnover in senior leadership.
"This was never about money. It has only just begun".
MSU Trustee Dianne Byrum had this to say after the settlement was reached, "I am pleased a settlement has been reached with the courageous young women whose lives have been impacted by this tragic situation".
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