News USA Gymnastics files for bankruptcy, a move related to Larry Nassar’s sexual abuse lawsuits December 5, 2018December 5, 2018 Nancy Armour and Rachel Axon and Tim Evans, USA TODAY Comments Off on USA Gymnastics files for bankruptcy, a move related to Larry Nassar’s sexual abuse lawsuits USA Gymnastics' bankruptcy filing comes more than two years after revelations that Larry Nassar had molested more than 350 girls and young women under the guise of medical treatment.