Penn State Settles With Some Sandusky Victims for $60M

Published: July 17, 2013

UNIVERSITY PARK, Pa. – Penn State’s board of trustees has approved the payment of approximately $60 million to settle claims of about two dozen men who were sexually assaulted as young boys by the school’s former assistant football coach Jerry Sandusky.

The settlements were reported by the Wall Street Journal on Thursday. The names of the victims who settled as well as the amounts offered have not been released by the school. About five individuals have not settled their claims with Penn State.

Who will actually pay for the settlements is in still in question. Penn State’s insurer is litigating the matter, claiming the company should not be required to pay.

The report of these of payouts comes one week after the school announced it approved settlement offers to a number of Sandusky’s victims.

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It also comes two days after Penn State received a confidential preliminary report from the U.S. Department of Education on its compliance with the Clery Act in this matter.

Last summer Sandusky was convicted of sexually abusing 10 boys over a 15-year period.

As a result of the case, Penn State football coach Joe Paterno and its president, Graham Spanier were fired. Gary Schultz, the school’s former senior vice president for finance and business, and Tim Curley, the former athletic director, were charged with perjury and failure to report to authorities what they knew about the allegations. Spanier was also charged with perjury.

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