mo4ch:>USA Gymnastics files for bankruptcy to stave off Nassar-related lawsuits | Mo4ch News

Still tied up in 100 lawsuits almost a year after its team doctor was imprisoned for molesting his gymnasts, USA Gymnastics is filing for bankruptcy in the hope of retaining its place as the governing body for the Olympic sport.The governing body is being sued by 350 athletes from around the country who hold it responsible for failing to supervise former team doctor Larry Nassar, who received a 175-year prison sentence in January for sexually abusing 10 young athletes, and stands accused of molesting hundreds more. Attempts at reaching a settlement through mediation have failed so far.Read more Recently-elected USAG chairwoman Kathryn Carson framed the bankruptcy as a strategic move rather than an attempt to dodge payment to Nassar's victims, who will collect from USAG's insurance company – or so she hopes. "Our expectation is they will come to the table and pay on our coverage," she said. The bankruptcy filing claims between $50 and $100 million in assets and an equa…