USA Gymnastics

  1. February 02, 2022

    USA Gymnastics Cleared To Begin Ch. 11 Claim Processing

    USA Gymnastics, the national governing body of competitive gymnastics, received approval Wednesday from an Indiana bankruptcy judge to commence the processing of sex abuse claims under its confirmed Chapter 11 plan, allowing it to begin the administration of a $380 million trust fund created for those claimants.

  2. January 31, 2022

    USA Gymnastics Says Ch. 11 Appeal Is Delaying Plan Deals

    The national governing body of competitive gymnastics told an Indiana federal judge Friday that a pending appeal of the organization's confirmed Chapter 11 plan is delaying plan payments by its insurers that will fund a $380 million settlement trust for survivors of sexual abuse.

  3. December 13, 2021

    USA Gymnastics Announces $380M Bankruptcy Settlement

    The national governing body for competitive gymnastics got approval of its Chapter 11 plan from an Indiana bankruptcy judge Monday after reaching a $380 million settlement with all major stakeholders including its insurance carriers, sexual abuse claimants and the U.S. Olympic & Paralympic Committee.

  4. October 25, 2021

    USA Gymnastics OK'd To Solicit Votes For $400M Ch. 11 Plan

    The national governing body for competitive gymnastics received approval Monday from an Indiana bankruptcy judge to begin soliciting votes from creditors for its proposed Chapter 11 plan that will create a $400 million settlement fund for sexual abuse claimants.

  5. September 01, 2021

    USA Gymnastics Floats $425M Ch. 11 Plan For Abuse Victims

    The national governing body of competitive gymnastics filed a proposed Chapter 11 plan late Tuesday in Indiana bankruptcy court that contemplates the creation of a $425 million fund for the hundreds of sexual abuse victims who have filed valid claims against the organization, nearly doubling an initial proposal filed in early 2020.

  6. February 07, 2020

    USAG Bankruptcy Pulls Abuse Victims Into Insurance Fight

    USA Gymnastics unveiled a bankruptcy plan late last month to settle potentially hundreds of sexual abuse claims against former national team doctor Larry Nassar without the support of his victims, setting up what experts say will be tense negotiations that could turn on a demand to release the U.S. Olympic and Paralympic Committee from liability as part of the deal.

  7. January 30, 2020

    USA Gymnastics Floats $215M Ch. 11 Fund For Nassar Victims

    USA Gymnastics on Thursday proposed a Chapter 11 plan that would create a $215 million settlement fund for hundreds of women who say the sport's national governing body looked the other way for decades while former team doctor Larry Nassar was abusing them.

  8. January 22, 2020

    Nassar Accusers Want USA Gymnastics Bankruptcy Canned

    Hundreds of gymnasts suing USA Gymnastics over sexual abuse by former team doctor Larry Nassar and others have asked an Indiana bankruptcy court to dismiss the organization's Chapter 11 case, calling it a farce intended only to protect USAG from the "true depravity" of its actions ahead of the 2020 Olympics.

  9. October 16, 2019

    USA Gymnastics Lands 2-Month Extension To File Ch. 11 Plan

    USA Gymnastics has been given a nearly two-month extension to file its Chapter 11 plan after telling an Indiana bankruptcy court it is close to a deal with insurers and the hundreds of gymnasts bringing sexual abuse claims against it, bringing the new deadline to Dec. 3.

  10. September 13, 2019

    USA Gymnastics Asks For 60 More Days To File Ch. 11 Plan

    USA Gymnastics has asked the Indiana bankruptcy court overseeing its restructuring for more time to file a Chapter 11 plan, saying it's making progress in dealing with its insurers and the hundreds of sexual abuse claims that felled it.