USA Gymnastics files for bankruptcy

Photo: Jeff Kowalsky/AFP/Getty Images

USA gymnastics filed for bankruptcy in Indianapolis federal court Wednesday as the organization continues to grapple with a mountain of legal fees from sexual abuse lawsuits in response to the team's handling of the Larry Nassar scandal.

Between the lines: USA Gymnastics said in a statement that it is declaring bankruptcy to quickly settle sexual abuse survivors' complaints against Nassar. The filing will automatically halt depositions and discovery in lawsuits filed by Nassar's victims, and comes roughly a month after the U.S. Olympic Committee said it's seeking to revoke USA Gymnastics’s recognition as the sport's governing body.

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Nxivm cult leader Keith Raniere sentenced to life in prison

Carts full of court documents related to the U.S. v. Keith Raniere case arrive at the U.S. District Court for the Eastern District of New York in May 2019. Photo: Drew Angerer/Getty Images

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