LINSEY DAVIS: We turn now to one of the largest sex abuse settlements agreed to by an American University. The announcement from the University of Michigan comes just days after a major shift in management at the school. Our Trevor Ault has this report. TREVOR AULT: The University of Michigan has reached a $490 million settlement, with more than 1,000 victims who say they were sexually assaulted by one of the school's former sports doctors. It comes after a string of lawsuits filed mostly by men who claim the late doctor Robert Anderson sexually abused them during routine medical examinations spanning nearly four decades. PARKER STINAR: As far as the legal aspect, the matter is now resolved and they can continue with their healing journey. TREVOR AULT: Dr. Anderson died in 2008. He worked at the University from the late 1960's into the early 2000's, serving as a physician for multiple teams. One report found the alleged abuse was an open secret among some students, and University staff failed to investigate multiple claims or stop the abuse from continuing. Survivors say the University needs to be held accountable. KEITH MOREE: What we're talking about here are crimes that University officials knew about and never reported to the police, to the state medical board, or to anyone else in a position to investigate and potentially prosecute. TREVOR AULT: $30 million from the settlement is being set aside for any future claims of abuse. The agreement comes on the heels of the abrupt firing just this weekend of University President Mark Schlissel, due to an alleged inappropriate relationship with a University employee, the board now appointing former University of Michigan president Mary Sue Coleman as interim president. KEITH MOREE: The University needs to do a hard reset on this whole culture, and it needs to be from the top down and also from the bottom up. LINSEY DAVIS: Our thanks to Trevor.