Besieged USA Gymnastics seeks survival in bankruptcy

Fighting to survive in the wake of the Larry Nassar sexual-abuse scandal, besieged USA Gymnastics filed for Chapter 11 bankruptcy.

The national governing body positioned the move as a way to expedite settlements in numerous lawsuits brought by the survivors.

“We owe it to the survivors to resolve, fully and finally, claims based on the horrific acts of the past,” said Kathryn Carson, who was recently elected chairwoman of USAG’s board of directors.

Carson stated that survivors’ claims will be covered by her organization’s insurance.

Hundreds of young athletes have come forward with accusations that Nassar — who worked in various jobs for Michigan State, USA Gymnastics and the U.S. Olympic team — molested them under the guise of providing medical treatment.

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