Atoorneys representing victims receive a share of the settlement, as is customary.
In December, MSU's board directed the university establish a $10-million Healing Assistance Fund to provide counseling services to Nassar's victims. He assaulted females at his campus clinic, Lansing-area home, area gyms and major gymnastics events.
The Michigan medical license of Larry Nassar's former boss could be in jeopardy.
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The settlement only deals with accusations against Michigan State.
Penn State University paid out US$109 million to 35 victims of Jerry Sandusky, an American football coach who was convicted in 2012 of 45 counts of child rape or sexual abuse.
A lawyer for Michigan State, Robert Young, said, "Michigan State is pleased that we have been able to agree in principle on a settlement that is fair to the survivors of Nassar's crimes".
Former gymnast Rachael Denhollander issued statements on social media Wednesday about the $500 million settlement between Nassar's former employer and 332 victims. A successful resolution to the litigation is a positive step in moving us all forward. "I'm also very disappointed in a missed opportunity to create meaningful policy changes".
Half a billion dollars is a staggering amount of money to comprehend, but it's important not to get too hung up on that number - the most important figure here is the fact that 332 people have come forward as victims of sexual abuse at the hands of a former doctor that MSU enabled for two decades. She says many survivors "still have no voice". Roughly $983 million comes from tuition and fees, and $281 million is from the state. The school was accused of ignoring or dismissing complaints for years about Nassar. "We recognize the need for change on our campus and in our community around sexual assault awareness and prevention". He is serving three prison sentences that will likely keep him locked up for life. Strampel has pleaded not guilty to the charges. Nassar himself was sentenced to 40 to 175 years in prison, and then an additional 40 to 125 years, in February, after already having been sentenced to 60 years for a separate charge back in December.
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