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Consumer Law

U.S. Olympics Sues Files Lawsuit Over Stalled Nassar Settlement

The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.

Committee Chair Susanne Lyons, speaking on a conference call, accused insurers of holding up settlement negotiations with the hundreds of women who were abused by disgraced former USA Gymnastics national team doctor Nassar.

“For nearly a year and a half we have actively participated in the mediation process,” said Lyons.

“Because the insurance companies, in our belief, have not lived up to their contractual obligations to the USOPC – including not acting fairly and in good faith and in exploring whether a reasonable settlement can be achieved – we were forced to file this lawsuit.”

Read the source article at Insurance Journal

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