East Lansing — State lawmakers and victims of Larry Nassar will have to end their effort to extend Michigan’s statute of limitations on sexual abuse complaints as part of a $500 million settlement with Michigan State University, according to a source close to the university.
The source noted that condition as the university grapples with how to afford the $500 million settlement it announced Wednesday with the 332 women and girls who say they were sexually assaulted by the disgraced MSU sports doctor.
The university will use a combination of insurance money, bonding and uncommitted funds — including delaying building projects and hiring faculty — to pay out the settlement.