Reports: PSU to pay $60M to settle most Sandusky suits

Posted: July 20, 2013

Pennsylvania State University reportedly will pay about $60 million to settle most of the personal injury claims filed by men who alleged they were sexually abused by Jerry Sandusky when they were children.

Both the Wall Street Journal and the Legal Intelligencer reported the figure Thursday, nearly a week after the university's trustees announced tentative settlements had been reached with some of the former football coach's victims.

According to the Journal, Penn State has reached agreements in about 25 of 30 cases. The Legal Intelligencer put the number of outstanding cases at "likely 10 or fewer." Both newspapers cited unidentified sources.

Last Friday, Penn State's board of trustees voted unanimously to authorize the university to settle the civil claims.

For several weeks, sources have said the university was nearing settlement with the bulk of the victims who claimed they were victims of child sex-abuse by Sandusky, who is now in prison.

Last week, the university emphasized that no settlement agreements had been signed and gave no timetable for the process to be completed, but said it hoped it would be in the next several weeks.

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