Penn State Settles with 26 Victims in Jerry Sandusky Sexual Abuse Scandal for $59.7 Million

According to Penn State News, the University of Penn State has settled with 26 victims for $49.7 million as  a result of the Jerry Sandusky sexual abuse scandal. Officials state that the settlement amounts will not be funded by student tuition, taxpayer funds or donations, but rather by various liability insurance policies. The terms of the settlement include a confidentiality agreement. Sandusky is currently in prison after being found guilty on 45 counts of child sex charges including 25 felonies.

PSU_scandal

Penn State officials announced today (Oct. 28) that over the past few months the University has reached agreement with 26 of the victims of former assistant football coach Gerald Sandusky. The terms of the settlements, which include a release of all claims against Penn State and other parties, are subject to confidentiality agreements. Of the 26 settlements, 23 are fully signed and three are agreed in principle, with final documentation expected within the next few weeks.

The aggregate dollar amount paid by the University for the 26 settled claims is $59.7 million and will be reflected in the University’s audited financial statements for the year ended June 30, 2013.

“The Board of Trustees has had as one of its primary objectives to reach settlements in a way that is fair and respects the privacy of the individuals involved,” said Keith Masser, chair of the Board of Trustees. “This is another important milestone in accomplishing that goal. I would like to thank the board’s Legal and Compliance Committee, as well as its Legal Subcommittee for its leadership throughout this process.”

As reported at USA Today, PSU President Rodney Erickson called the agreements “another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State.”

Harrisburg lawyer Ben Andreozzi, who represents nine of the victims, said he was pleased with the settlements.

“Obviously no amount of money can compensate for what these young men have gone through,” he said. “But Penn State has given them the resources — financially and counseling — they need to help them recover.”

Pennsylvania Gov. Plans to Sue the NCAA in Federal Court over Sanctions Imposed against Penn State University in Wake of Sandusky Child Molestation Case

This is a head scratching law suit that the Pennsylvania governor will lose in the battle of public opinion.

Pennsylvania Governor Tom Corbett is planning on suing the NCAA in federal court with a lawsuit in response to the sanctions levied against Penn State University in the wake of the Jerry Sandusky sexual abuse scandal. Corbett is supposed to hold a press conference today to announce the law suit and how the state will file the law suit. According to reports, PSU has nothing to do with these lawsuits. The announcement will most like deal with one of the unique sanctions levied by the NCAA. One of the  penalties is the $60 million fine which has become a point of contention in Pennsylvania local politics. Politicians have argued that the money should be used to fight abuse in the state of Pennsylvania, while the NCAA had initially targeted a more national approach for the money. Really folks, this is what you are suing over whether the fines should fight sexual abuse of children in PA or across the country? Poor form folks, really bad form.

Pennsylvania Governor Tom Corbett will announce a federal lawsuit against the NCAA tied to the historic sanctions levied against Penn State in the wake of the Jerry Sandusky scandal. Corbett will hold a press conference on Wednesday morning in State College, Pa., to announce the suit, which will be filed by the state.

Penn State, which has been working in concert with the NCAA since the scandal, is not involved in preparing the suit. It is being handled solely by the state.

Corbett’s office has been vague in regard to the specific aim of the suit, but it appears to be dedicated to the overall sanctions issued by the NCAA in July. Corbett referred to them on Tuesday as “illegal sanctions.”

A wholesale suit against the NCAA by a third party as powerful as the state of Pennsylvania could loom as an important case in testing the ultimate power of the NCAA.

Is this really something that the governor of Pennsylvania really wants to focus the media light on? It was such a heinous act, it just seems rather shallow that a state would only want the monies to go toward their state, rather than country wide. Shallow indeed.

Support Scared Monkeys! make a donation.

 
 
  • NEWS (breaking news alerts or news tips)
  • Red (comments)
  • Dugga (technical issues)
  • Dana (radio show comments)
  • Klaasend (blog and forum issues)
 
 
 
 
 
 
 
Close
E-mail It