Audit Shows USA Gymnastics Estimates It Will Pay $75 To 150 Million To Larry Nassar Survivors
Photo: Aaron Bernstein (Getty) USA Gymnastics released a series of financial documents yesterday, including tax filings and financial statements from the past two years. According to an auditor’s report dated Aug. 20, settlements and payouts to survivors of Larry Nassar likely will cost the organization a sum pretty close to its total assets. “The estimated range of potential impact related to the majority of the litigation is $75 million to $150 million,” the auditor concluded. USAG listed total assets of nearly $108 million for both 2016 and 2017. USAG expects that their insurance will...
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