Consumer Law

USA Gymnastics Files for Bankruptcy Organization Says

USA Gymnastics filed for bankruptcy Wednesday. The organization announced that it “filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Indiana.”

The organization hopes that with this filing it will be able to continue operating fully for members and athletes to continue competing as well as “to expeditiously resolve the claims made by the survivors of sexual abuse perpetrated by Larry Nassar.”

Read the source article at Newsweek

    Leave a Review or Comment

    Your email address will not be published. Required fields are marked *

    Back to top button