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USA Gymnastics could be near the final stages of the legal fallout of the Larry Nassar sexual abuse scandal.

The organization and hundreds of women who claim they were abused by the former national team doctor or others affiliated with the national governing body filed a joint $425 million settlement proposal in U.S. Bankruptcy Court on Tuesday that could put an end to years of litigation.

“After extensive discussions, this plan has been jointly proposed by USA Gymnastics and the Committee, and it is supported by many of the involved insurers,” USA Gymnastics said in a statement. “We anticipate that this plan will be confirmed later this year and greatly appreciate all parties’ efforts to get to this point.”

The proposal was put together by the USA Gymnastics and the Survivors Committee. It still needs to be approved by the survivors and any other creditors.

While it’s unclear how much each survivor would receive under the proposed agreement, the sum is significantly higher than the $215 million settlement offer USA Gymnastics and the United States Olympic and Paralympic Committee put together in February 2020.

Read the full story at Oxygen.com…

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