USA Gymnastics files for bankruptcy

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USA Gymnastics files for bankruptcy

Post by Original Quill on Thu Dec 06, 2018 4:58 am

The USA Gymnastics has filed for bankruptcy. Kathryn Carson, chair of the USA Gymnastics board of directors, said the move is a reorganization and not a liquidation.

"We owe it to the survivors to resolve, fully and finally, claims based on the horrific acts of the past," Ms. Carson said, referring to dozens of civil lawsuits related to the sexual abuse perpetrated by Larry Nassar, the former national medical coordinator who was convicted of assaulting patients under the guise of medical treatment.

http://www.espn.com/olympics/story/_/id/25461239/usa-gymnastics-files-chapter-11-bankruptcy-petition

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