Tuesday, October 29, 2013

Penn State Settles with Sandusky Victims

Yahoo Sports reports that Penn State has reached a settlement with twenty-six victims of the Sandusky sex abuse scandal:

Penn State announced Monday that it had settled a civil suit involving 26 victims from the Jerry Sandusky sex abuse scandal and will pay out nearly $60 million.....

"The aggregate dollar amount paid by the University for the 26 settled claims is $59.7 million and will be reflected in the University’s audited financial statements for the year ended June 30, 2013."

According to the university, it believes that its various liability insurance policies cover its settlements and defense of claims and those expenses not covered by insurance will be funded from interest revenues from the university to its own self-supporting units.

- SBS

 

http://lawprofessors.typepad.com/tortsprof/2013/10/penn-state-settles-with-sandusky-victims.html

Current Affairs | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef019b00668379970c

Listed below are links to weblogs that reference Penn State Settles with Sandusky Victims:

Comments

Post a comment