USA Gymnastics Files For Bankruptcy Amid Legal Challenges With Larry Nassar’s Survivors
Photo: Aaron P. Bernstein (Getty) USA Gymnastics filed for bankruptcy on Wednesday in a decision likely intended to brace the governing body for the impact of impending legal, financial and structural concerns that the organization will have to face in the near future. The Chapter 11 protection was filed in Indianapolis federal court and will most certainly affect the two main challenges that the organization is trying to overcome: maintaining their governing body status, and lawsuits and investigations related to Larry Nassar’s sexual abuse scandal. The Wall Street Journal reports that the...
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