Penn State Will Pay $60M In Sandusky Settlements

Law360, Philadelphia (October 28, 2013, 5:46 PM EDT) -- Pennsylvania State University announced Monday that it will pay nearly $60 million to settle 26 claims from the victims of former assistant football coach Jerry Sandusky, who was convicted on charges of child molestation in 2012.

The university had received 32 claims from individuals who were or allege they were abused by Sandusky and rejected six of the claims for being meritless. The school said 23 of the settlements are fully signed and the remaining three are agreed in principle and await final documentation in the...
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