Hundreds of women -- including Olympic gold medallists such as Simone Biles, Aly Raisman and McKayla Maroney -- have accused Nassar of sexually abusing them over the course of his more than two-decade career.
The settlement -- described by the Journal as one of the largest ever recorded for victims of sex abuse -- ends a five-year legal battle that erupted following the abuse scandal that rocked the US Olympic movement.
Monday's settlement, which includes claims from Biles, Raisman and Maroney, was confirmed during a hearing in a federal bankruptcy court in Indianapolis, the Journal reported. "This chapter is finally closed," Denhollander wrote on Twitter. "Now the hard work of reform and rebuilding can begin. Whether or not justice comes and change is made, depends on what happens next."
The Journal reported that Monday's settlement was reached after the TIG Insurance Company agreed to pay a "substantial share" of the settlement.
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