After five years, the gymnasts abused by Larry Nassar will see justice as USA Gymnastics and the U.S. Olympic & Paralympic Committee agreed to a settlement with the victims of the former national team physician.

"This chapter is finally closed," tweeted Rachael Denhollander, former gymnast and one of the first women to file public complaints against Nassar. "Now the hard work of reform and rebuilding can begin. Whether or not justice comes and change is made, depends on what happens next."


The victims will receive a $380 million settlement from the Committee, making it the largest ever recorded for sex abuse victims to date, reports the Wall Street Journal.

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The decision came after the final holdout insurer, TIG Insurance Company, confirmed the settlement during a hearing in a federal bankruptcy court in Indianapolis on Monday, reports the Journal.

Nassar's victims had voted in favor of the agreement in November, only for TIG to delay the decision. With the insurance company agreeing to the settlement on Monday, it brings the legal proceedings to an end.

The settlement reportedly includes $34 million directly from USOPC and a $6 million loan from USOPC to USA Gymnastics to contribute, the Journal reports. The payments will go out to hundreds of athletes who had been abused by Nassar, including Simone Biles, Aly Raisman, and McKayla Maroney.

In addition to the financial settlement, U.S. Gymnastics will also reportedly be required to have victims of abuse hold roles within the organization, reports the Journal.

This settlement will conclude the five years of legal discussions since Nassar's actions came to light. The story began when Olympic bronze medalist Jamie Dantzscher filed a lawsuit against USA Gymnastics and the USOPC over Nassar's abuse in 2016.

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Dantzscher's lawsuit opened the floodgate for testimonies confirming Nassar's abuse over several years. Several top officials at U.S. Gymnastics and USOPC resigned from their roles, including the entire board at USA Gymnastics.

Nassar was sentenced to 40 to 175 years in prison for sexually penetrating several young women while performing medical procedures.

The Office of the Inspector General released a report claiming the FBI had "mishandled" an inquiry into the allegations against Nassar in 2015, which allowed him to abuse dozens of victims before his arrest in 2016.

The USOPC did not respond to the Washington Examiner's request for comment.