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USA Gymnastics hoping to settle with survivors, emerge from bankruptcy by this summer

USA Gymnastics is still hoping to reach a settlement with sexual abuse survivors before exiting bankruptcy, which it expects will happen “sometime this summer.”

COVID-19 has delayed the process because mediation normally involves in-person meetings, USA Gymnastics CEO Li Li Leung said Friday. Instead, there have been “side conversations,” which make for slower progress.

“We are putting pressure on every single organization and entity that is involved at the mediation table to try and bring closure,” Leung said.

More than 500 women, including Olympic gold medalists Simone Biles and Aly Raisman, have sued USA Gymnastics, saying they were sexually abused by Larry Nassar, their coach or someone else affiliated with the sport.