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Newsy's partners at WXYZ report $425 million will be paid now to the more than 300 survivors who've filed claims.

The statement did not indicate how much money each victim would receive and it also did not say how Michigan State would pay the bill.

As a result of today's agreement between the attorneys representing 332 claimants and representatives from Michigan State, $425 million will be distributed to claimants who are now part of the lawsuits. "However, I am deeply disappointed at the missed opportunity for meaningful reform and change at the University".

Michigan State University has settled hundreds of lawsuits filed against it by the survivors of MSU doctor Larry Nassar's sexual assaults.

Jonh Manly, an attorney for the women and girls who sued MSU alleging abuse by Nassar, credited those who came forward.

The Nassar scandal is the biggest in US Olympic history and has had far-reaching ripple effects - ending careers at USA Gymnastics, the Olympic committee and at Michigan State University.

More than 250 gave statements in court when Nassar was sentenced for sexual assault in January and February.

The chairman of Michigan State College's governing board says the varsity is "actually sorry" for what disgraced sports activities physician Larry Nassar's victims and households went by means of.

Nassar worked at MSU and USA Gymnastics for decades.

Five former gymnasts, including two who say Nassar abused them at the Karolyis' ranch near Huntsville say Texas authorities have focused on Nassar while overlooking whether the Karolyis could have prevented abuse. A successful resolution to the litigation is a positive step in moving us all forward. We recognize the need for change on our campus and in our community around sexual assault awareness and prevention. Nassar was sentenced to 60 years in federal prison for child pornography charges and also faces two additional 40 year sentences in MI prisons for the sexual assault crimes.

Many victims testified that Nassar, 54, sexually abused them under the guise of medical treatment while on his examination table, sometimes hiding it from view of parents waiting nearby. He is serving sentences that will likely keep him in prison for life. The varsity was accused of ignoring or dismissing complaints for years about Nassar. Nassar treated campus athletes and young gymnasts at his Michigan State office.

Michigan State is a publicly funded school with an annual budget of about $1.3 billion. He had an global reputation and worked at the same time for USA Gymnastics, which trains Olympians.