USC is going to pay more than $1.1 billion to patients of former doctor George Tyndall, making it the largest payout for sexual abuse in college history.
The $1.1 billion figure includes a payout of $852 million for 710 women suing USC. The university previously agreed to pay $215 million in a federal lawsuit in 2018.
Michigan State paid $500 million in the Larry Nasser case, which involved sexual abuse of gymnasts and others.
Here’s an interesting quote from USC Board of Trustees chair Rick Caruso, who seemed to suggest former president Max Nikias needs to relinquish his on-campus office, faculty position and perhaps his role as a non-voting trustee.
“I think this is a time where Max really has to reflect on what’s best for the university, what’s best for the students, and make a decision himself,” Caruso told the Los Angeles Times. “I think there’s clarity to the answer to that, but I think that’s for him to answer.”
Caruso told the Times the money for the settlement will come from “from insurance proceeds as well as financial reserves, the deferment of capital projects, the sale of some `non-essential assets’ and belt tightening.”
I guess now we know where the money from selling the Mudd presidential estate in San Marino will go.
And why USC is increasing tuition next year.