Post by Captain Money Made on Dec 5, 2018 21:10:59 GMT -5
USA Gymnastics filed for Chapter 11 bankruptcy on Wednesday as it searches for ways to remain afloat in the wake of the Larry Nassar sexual abuse scandal.
The national governing body for gymnastics said it hopes this latest move will allow for an expedited process in handling dozens of civil lawsuits related to the sexual abuse perpetrated by Nassar, the former national medical coordinator who was convicted of assaulting patients under the guise of medical treatment.
Kathryn Carson, chair of the USA Gymnastics board of directors, said the move is a reorganization and not a liquidation.
"We owe it to the survivors to resolve, fully and finally, claims based on the horrific acts of the past," Carson said.
Defense attorneys involved in the case expect the bankruptcy declaration will stop all legal proceedings in civil court, including an ongoing discovery process and depositions of USA Gymnastics officials. The dozens of lawsuits say that the organization and its leaders failed to live up to their obligation to report claims of Nassar's abuse and stop him from abusing others. Multiple attempts at mediation in those suits have not produced a settlement.
Post by grungesmurf on Dec 7, 2018 10:48:14 GMT -5
Those poor girls. Rot in jail Larry and anyone of power who knew and did nothing about it.
Hopefully the victims can move on with their lives and block out these horrible memories of this prick.
Trust and hate, and love and fate, and I don't understand. Social grace, the human race, confuse me. These words I speak bring forth a world of emotions. Emotions of dreams lost, dreams found, and dreams I'll never see. So it is written. So it shall come to pass.