Tag Archive for Lou Anna K. Simon

Quis Solvet? MSU Settles With Nassar Victims For $ 500 Million

Michigan has the least elite elites in the nation

Who exactly is going to pay the $ 500 million that MSU just agreed to pay to 332 victims of Dr. Lawrence G. Nasser?

MSU says they can’t tap their $ 3 billion endowment, which was the focus of former President Lou Anna K. Simon (and why she wasn’t paying any attention to Nassar and Strampel).

This bleed will probably eclipse that of the Flint water fiasco. From the Detroit Free Press:

The settlement, which covers all 332 current claimants, will cost Michigan State $500 million. The school will pay $425 million now and hold $75 million in reserve in case other Nassar victims come forward.

MSU will now work on how it will pay the settlement, MSU spokeswoman Emily Guerrant told the Free Press.

Survivor attorney James White said this is a chance for the survivors to begin to move forward.

“I don’t think they can ever be made whole, but this is a step in the right direction,” he said.

The settlement was announced Wednesday, after the Detroit Free Press published news of the settlement, following two days of closed-door mediation sessions between lawyers for the university and the survivors.

Terms of the settlement are as follows:

• $425 million dollars will be paid to all current claimants

• $75 million dollars will be set aside in a trust fund to protect any future claimants alleging sexual abuse by Nassar

The settlement was approved by the MSU board in a conference call Tuesday night.

I underestimated the costs here by $ 25 million, when adjusted for the additional claimants who have come forward.

Strampel’s cases are not part of this settlement, so there is more bleeding to come.

This disaster is on the Democrats, exclusively.

Michigan has the least elite elites in the nation.

You Betcha! (12)Nuh Uh.(1)

The Wages of Sin

Pucker Up Michigan Taxpayers, Larry Nassar Will Cost You More Than $ 180 Million

Some 144 155 victims of MSU Sports Medicine doctor Lawrence Gerard Nassar are making victim impact statements at his sentencing hearing in the Ingham County Circuit Court. From the tenor of their coverage, our depraved media are – for once – siding with the victims of crime rather than the criminals. Kiddie diddling is probably the last moral taboo acknowledged across our entire society.

What our media has not mentioned is the cost of Dr. Nassar’s crimes and who is going to pay for them. MSU is now facing over 140 civil lawsuits, along with the U.S. Olympic Committee, USA Gymnastics, and Dr. Nassar. Just one such suit has been settled, by USA Gymnastics, reportedly for upwards of $ 1.25 million. Its particulars are concealed from the public by a Non Disclosure Agreement, a legal device made famous by Harvey Weinstein’s defense lawyers. The plaintiff in the settled suit, McKayla Maroney, still has a lawsuit pending against the U.S. Olympic Committee, USA Gymnastics, Michigan State University and Dr. Nassar. Dr. Nassar is the only defendant who will not pay much. His few remaining assets after paying off his lawyers will almost certainly be shielded when his wife divorces him.

MSU has set aside $ 10 million to counsel women and girls who say Larry Nassar abused them. This ‘Healing Assistance Fund’ will be available to “MSU health clinic patients and student-athletes whom Nassar abused, as well as the parents of these victims” according to MSU. The sanctimonious leftists who run MSU have the utter gall to still be billing some of Dr. Nassar’s victims for their ‘treatment’, but that is not what this fund is for.  This fund is actually intended as a legal settlement fund

This fund is ridiculously inadequate. MSU management must think that USOC and USAG will bear the brunt of the Nassar settlements, or their hot shot lawyer Patrick Fitzgerald’s sovereign immunity defense will work.  MSU has not one, but two, high dollar white shoe law firms lined up to attack Dr. Nassar’s victims.  They won’t succeed. Dr. Nassar was an MSU employee. USOC and USAG made referrals to Dr. Nassar, but MSU was his employer and should have been providing proper supervision.  They didn’t.

Each of those lawsuits against MSU will settle out for $ 1 million or more. McKayla Maroney’s first settlement sets the standard. And the antics of MSU’s Board members should provide the plaintiffs with healthy increments in their final settlements.  Those white shoe lawyers need to have a talk with their idiot clients.

Who is going to pay?

You Betcha! (13)Nuh Uh.(1)