Michigan State to pay $500 million to Nassar sex abuse victims

FILE PHOTO: Larry Nassar, a former team USA Gymnastics doctor who pleaded guilty in November 2017 to sexual assault, listens to victims impact statements during his sentencing in the Eaton County Circuit Court in Charlotte, Michigan, U.S., January 31, 2018. REUTERS/Rebecca Cook/File Photo

(Reuters) - Hundreds of women sexually abused by disgraced gymnastics doctor Larry Nassar have tentatively agreed to a $500 million (£370.4 million) settlement with Michigan State University, Nassar's former employer, attorneys for both sides said on Wednesday.

The deal calls for the school to pay $425 million to the 332 victims represented in current litigation, with another $75 million set aside in a trust fund that could go to future plaintiffs who allege they were abused by Nassar, the attorneys said in a joint statement.