University of Michigan reaches $490M settlement with sex abuse survivors

The University of Michigan announced it reached a settlement with over 1,000 victims who alleged sexual abused by an athletic physician.

The University of Michigan announced on Wednesday that it's reached a $490 million settlement in connection with allegations against the late Dr. Robert Anderson, who served as the school's sports team physician from 1966 to 2003.

At least 1,050 victims have come forward with accounts, stretching back decades, that Anderson molested or sexually abused them. Anderson died in 2008.

Some of Anderson's victims filed lawsuits two years ago. Jamie White, an attorney representing 100 of the survivors, said in a statement that the school should be commended for taking responsibility financially.

"Most of our clients had a strong love for the university and did not want to see permanent damage, but wanted accountability. I believe we accomplished those goals," White said in a statement.