Sexual violence against minors brought USA Gymnastics to bankruptcy

The national governing body of gymnastics in the United States (USA Gymnastics) filed a voluntary petition for protection in bankruptcy court the US bankruptcy in the southern district of Indiana. The face of ruin USA Gymnastics put 345 the plaintiffs. The consequences of the sexual adventures of a former team doctor Larry Nassar, who was sentenced to 175 years in prison for sexual violence against minors 265.

USA Gymnastics today filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Indiana.

— USA Gymnastics (@USAGym) October 5, 2018

Different courts have handed down sentences by adding a period to the team doctor for USA gymnastics, Larry Nassar thrice as clarify the new circumstances. The final judgment in February of this year gave 175 years. As victims of sexual doctors are currently 265 people, perhaps this figure is not final.

But by insisting on the punishment of the villain, the relatives of the affected children did not stop and has filed a lawsuit against USA Gymnastics with the requirement of redress. To protect their interests came from lawyers from Manly, Stewart & Finaldi. Now they are in this case 345 the plaintiffs.

Ready for the final national team camp of 2018!

— USA Gymnastics (@USAGym) October 26, 2018

USA Gymnastics today made an official statement, which announced the filing of a petition for protection in bankruptcy court the US bankruptcy in the southern district of Indiana: «Applications in respect of USA Gymnastics are covered with insurance, previously acquired by USA Gymnastics, but they are not enough. In addition to these insurance proceeds, USA Gymnastics has no other significant assets that could be used for payment of claims.» Catherine Carson, who led USA Gymnastics this summer in the most simple moment, waiting for the court’s assistance and hopes that this decision will help plaintiffs to obtain their required compensation:

«Our sport has become safer and stronger thanks to the courage of these women, she says of those who denounced the Nassar. — Feed the head 11 and the rapid satisfaction of their requirements are the important first steps in restoring the confidence of the community.»

The threat of bankruptcy, meanwhile, is not the only cloud hanging over the USA Gymnastics. The U.S. Olympic Committee a month ago started the procedure of revocation of the status of the USA Gymnastics national governing body in the sport. However, the procedure is long and multi-stage, so Catherine Carson are still chances of saving-led organization.