University of Michigan Reaches $490 Million Deal Over Sexual Abuse

Bloomberg Quicktake: Now published this video item, entitled “University of Michigan Reaches $490 Million Deal Over Sexual Abuse” – below is their description.

The University of Michigan announced a $490 million settlement Wednesday with more than 1,000 people who say they were sexually assaulted by a sports doctor during his nearly four-decade career at the school.

The university said 1,050 people will share in the financial settlement, the latest in several large payouts made by American universities following accusations of repeated sexual abuse by employees.

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