USA Gymnastics Files for Bankruptcy
The sport’s U.S. governing body filed for Chapter 11 yesterday as it attempts to settle 100 lawsuits by over 350 athletes across the country. Plaintiffs accuse the organization of failing to protect them from former team doctor Larry Nassar, who’s imprisoned for sexually abusing young athletes. “This is not a liquidation,” explained USA Gymnastics’ new board chair, Kathryn Carson, asserting it would not curtail victims’ payouts. But the filing does pause depositions for lawsuits and could disrupt the U.S. Olympic Committee’s bid to end the organization’s official oversight of American gymnasts.