The staggering sum comes from multiple settlements: an $ 852 million settlement announced by the university on Thursday, a previous federal class action settlement totaling $ 215 million, as well as “other settlements,” the USC said.
USC described the settlement, which involved civil lawsuits from 710 women, as “fair and reasonable.” It has been ratified by the University Board of Trustees.
The victims’ attorneys said it is “the largest sexual assault settlement against any university and the largest personal injury settlement against any university in history.”
Tyndall faces 29 criminal charges, including 18 counts of sexual assault and 11 counts of sexual assault, dating back more than 20 years. He has pleaded not guilty to the crimes and is awaiting trial.
USC President Carol Folt said in a statement: “I deeply regret the pain experienced by these valued members of the USC community. We appreciate the courage of all who came forward and hope this much-needed resolution will deliver some relief to women abused by George Tyndall. “
USC Board of Trustees Chairman Rick J. Caruso acknowledged: “Our institution fell short by failing to do everything possible to protect those who matter most to us: our students.”
CNN has reached out to representatives for George Tyndall for comment.