The Penn State settlement has been announced and it’s pretty big. According to the school, it will pay out $59.7 Million to 26 of the victims:
PSU is paying $59.7 million in settlements to 26 Sandusky victims. http://t.co/VAyMIvQbaV
— Sara Ganim (@sganim) October 28, 2013
There were 32 original claims against Penn State but they rejected 6 claims. Here is the statement from Penn State:
“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,” said Keith Masser, chair of the Board of Trustees. “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,” said University President Rodney Erickson. “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.”
