Al also reads the statement of Rachel Denhollander concerning the settlement, and gets reactions from callers who want to voice their opinions of MSU's handling of the case and of the settlement terms.
A victim credited with exposing serial sexual abuser Larry Nassar says she is grateful to have reached a legal settlement with Michigan State University that reflects the "incredible damage" that took place on campus.
"A successful resolution to the litigation is a positive step in moving us all forward", MSU board Chairman Brian Breslin said in a statement.More news: Chill in Gods Own Country: Kerala govt to Karnataka MLAs
"We appreciate the hard work both sides put into the mediation, and the efforts of the mediator, which achieved a result that is responsible and equitable", he said in a statement. There are other lawsuits that have been filed against a number of others - such as the U.S. Olympic Committee, famed gymnastics coaches Bela and Martha Karolyi - that are not involved with this settlement and will be progressing in their respective cases.
The agreed upon settlement is $500 million for the 332 survivors represented by the firm.
"I am pleased a settlement has been reached with the fearless young women whose lives have been impacted by this tragic situation".
"All these fearless women have power, and we will use our voices to make sure you get what you deserve, a life of suffering spent replaying the words delivered by this powerful army of survivors", she said. We will continue working as a Board to address the necessary changes and improvements that are needed at our university.More news: Jameela Jamil Shreds Kim Kardashian For Promoting 'Appetite Suppressant' Lollipops
Former Michigan State University and USA Gymnastics doctor Larry Nassar listens during the sentencing phase in Eaton, County Circuit Court on January 31, 2018 in Charlotte, Mich. Michigan Attorney General Bill Schuette released a statement saying he is "pleased" that the settlement has been approved.
Strampel failed to enforce protocols meant to protect female patients following allegations against Nassar at the MSU Sports Medicine Clinic.
How MSU will pay for the settlement is under careful scrutiny by parents, students, alumni and financial rating agencies. Lawmakers have said no state aid should be used. About 20 percent, or $281 million, of MSU's $1.36 billion general fund operating budget comes from state tax dollars, with $989 million in tuition and fees making up the lion's share of the university's revenues, according to fiscal year 2017-18 budget projections.
It's like a family's savings account where money is set aside for a new vehicle, a new roof for the house and other projects.More news: TV Producer Dies After E-Cigarette Explodes & Burns 80% Of His Body
Earlier this month, Moody's Investor's Service lowered the school's rating, meaning MSU will pay higher interest rates if it borrows money. "But I also think there is so much more work to be done at that university and universities across the country".