The University of Michigan has reached a $490 million settlement with former athletes and other U-M students who sued the school saying they had been sexually assaulted by the late Dr. Robert Anderson, a former football team doctor, attorneys for the survivors and the university announced.

There are 1,050 former athletes and other U-M students suing the university in federal court. Many of the suits, including the first filed, were filed anonymously. The suits claim the university failed to act when it knew Anderson was sexually assaulting students.