October 28, 2013; USA Today
Penn State has announced that it has arrived at settlements with 26 victims of sexual abuse victims perpetrated by former assistant football coach Jerry Sandusky. The settlements may not represent the end of all claims, since six other claims were filed and there may be others not yet filed. Reportedly, they will not be funded by student tuition, taxpayer funds, or donations, but by insurance and interest revenues related to loans made by the school.
Penn State has already spent more than $50 million on other costs related to the scandal, including lawyers’ fees, public relations expenses, and adoption of new policies and procedures related to children and sexual abuse complaints.
Three former Penn State officials are due to be tried on criminal charges. Ousted president Graham Spanier, former athletic director Tim Curley, and former university vice president Gary Schultz will be tried for perjury, conspiracy, and failure to report suspected child abuse.—Ruth McCambridge