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USA Gymnastics Floats $425M Ch. 11 Plan For Abuse Victims

By Vince Sullivan ( September 1, 2021, 3:03 PM EDT) -- The national governing body of competitive gymnastics filed a proposed Chapter 11 plan late Tuesday in Indiana bankruptcy court that contemplates the creation of a $425 million fund for the hundreds of sexual abuse victims who have filed valid claims against the organization, nearly doubling an initial proposal filed in early 2020....

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