Skip to content

Penn State to pay $59.7 million to 26 people over Jerry Sandusky

Penn State Abuse AP

Penn State will pay $59.7 million to 26 young men over claims of sexual abuse by former assistant coach Jerry Sandusky, the university announced Monday.

Of the 26 settlements, 23 are fully signed and three have been agreed upon in principle. The settlements include a release of all claims against Penn State and other parties.

The money for the settlement payouts is not coming from student tuition, taxpayers or donations, according to the university.

“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,” Keith Masser, chair of the Penn State Board of Trustees, said in a statement. “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.”

“We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State,” university president Rodney Erickson said. “We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State.”

“… We have made great strides, but a great deal of work remains,” Erickson said. “Our University is a better institution today as a result of the work and dedication of our trustees, administrators, faculty, staff and students.”

Permalink 12 Comments Feed for comments Latest Stories in: Big Ten Conference, Penn State Nittany Lions, Rumor Mill, Top Posts
12 Responses to “Penn State to pay $59.7 million to 26 people over Jerry Sandusky”
  1. skwackquackwoof says: Oct 28, 2013 3:04 PM

    I just threw up in my mouth a little. Only Peen St officials would attempt to put positive spin on a pedophile settlement. Even Michael Jackson didn’t do that!

  2. southernpatriots says: Oct 28, 2013 3:26 PM

    According to family members of Victims 3, 5, and 6, they are glad to have the cases settled and get this somewhat over.

    Reportedly, the settlement includes clauses that the victims cannot sue or collect any funds from Sandusky’s charity, insurance, or any other source. This leaves open Penn State to sue to recoup some or all of this money from those sources.

    I wish all the victims the very best in their ongoing therapies and to live as full of a life as possible.

  3. raysfan1 says: Oct 28, 2013 3:32 PM

    “We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State.”

    This statement pretty much admits culpability. The proof, as they say, is in the pudding, but there isn’t much else they really could say.

  4. tastybasslines says: Oct 28, 2013 4:14 PM

    “The money for the settlement payouts is not coming from student tuition, taxpayers or donations, according to the university.”

    Where is the money coming from then?

  5. dietrich43 says: Oct 28, 2013 4:28 PM

    Considering the University president was part of a deliberate cover up, they are going to have a hard time collecting insurance, and that is where they hope the money comes from.

  6. skwackquackwoof says: Oct 28, 2013 4:29 PM

    I understand where you are coming from Southern Patriots but in that scenario Penn State has no accountability. They are criminal accessories to a crime. It is none of their business if the victims want to go after the Sandusky foundation.

  7. thefiesty1 says: Oct 28, 2013 5:20 PM

    Tastybasslines….. My question exactly. How about from Sandusky and Paterno’s pension settlement? They deserve zero.

  8. cometkazie says: Oct 28, 2013 6:12 PM

    I wonder why Sandusky’s charity was included as PSU doesn’t have anything to do with it (I think).

    I would think legal culpability makes for strange bedfellows.

    I think they treat pension plans differently than other assets. It may “depend.”

  9. joewilliesshnoz says: Oct 28, 2013 9:44 PM

    A bunch of rats on a sinking ship !

  10. alligatorsnapper says: Oct 29, 2013 1:49 AM

    skwackquackwoof , cometkazie and all:

    I think I heard the attorney for Victim 6 (?) tonight say the thought the reason that Penn State included all others (such as insurance, Second Mile, and any other potential lawsuits) was to clear the way for them to try to recoop these settlement monies. If so, that is a poor legal excuse to now protect Second Mile and others who may be culpable from suits from the victims. But, I do not blame any victims from settling and wanting to get as much of this behind them as possible.

  11. cometkazie says: Oct 29, 2013 11:18 AM

    ‘Snapper- I agree.

    I wonder what the assets of Second Mile are and how much they are worth?

  12. corvusrex96 says: Oct 29, 2013 5:18 PM

    Not sure if putting aside other lawsuits was more about trying to recoup money than it really was about minimizing further publicity

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!