Penn State Settles With Sandusky Victims for $60M
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Pennsylvania State University will pay $59.7 million in 26 settlements to victims of former assistant football coach Jerry Sandusky, officials announced Monday. The settlement terms include a release of all claims against Penn State and other parties, and are subject to confidentiality agreements, a university statement says. The payouts should by covered by insurance and interest revenues from university loans, and no tuition money, taxpayer funds or donations will be used.
Six of 32 total claims remain, according to the statement. The university has rejected some as without merit, while the people who filed the others are engaged in settlement discussions. Jerry Sandusky, who is currently in Pennsylvania state prison, exploited his connections with Penn State football to rape and abuse young boys for years, sometimes on campus.