USA Gymnastics files for bankruptcy in wake of Larry Nassar scandal
- Organization attempting to reach settlements over abuse
- USOC has taken steps to revoke status of USAG
USA Gymnastics is turning to bankruptcy in an effort to ensure its survival. The embattled organization filed a bankruptcy petition on Wednesday as it attempts to reach settlements in the dozens of sex-abuse lawsuits it faces and to forestall its potential demise at the hands of the US Olympic Committee.
USA Gymnastics filed the petition in Indianapolis, where it is based. It faces 100 lawsuits representing 350 athletes in various courts across the country who blame the group for failing to supervise Larry Nassar, a team doctor who admitted sexually abusing athletes under his care. Nassar was given an effective life sentence for his crimes earlier this year. Gymnasts, including Olympic champions Aly Raisman and Simone Biles, have been critical of how USA Gymnastics treated the Nassar case.