Tags: penn | state | sandusky

Penn St. Approves Sandusky Victim Settlement Offers

Friday, 12 Jul 2013 07:46 PM


A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

Penn St. said it approved settlement offers to some victims of Jerry Sandusky, the former assistant football coach convicted of sexually abusing 10 boys.

The offers will be made to some people who made claims against the university related to Sandusky, the university said today in a statement. It didn’t specify the number of claims or whether they involved the victims who testified against Sandusky during his trial last year. No dollar amounts were given for the settlements.

“Today’s action is yet another important step toward the resolution of claims from Sandusky’s victims,” Penn State President Rodney Erickson said in the statement. “The University intends to deal with these individuals in a fair an expeditious manner, with due regard to their privacy.

Sandusky is serving a minimum 30-year prison sentence for abusing 10 boys over a 15-year period. Sandusky, who was convicted by a jury in June 2012 on 45 criminal counts, committed some of his crimes in campus buildings and while he was employed by the school.

Penn State faces at least six lawsuits over the abuse. The university has said it plans to compensate victims with money from insurance policies and funds set aside from interest on loans.

Feinberg Hired

The university hired attorney Kenneth Feinberg of Feinberg Rozen LLP to facilitate negotiations with Sandusky victims. Feinberg is the mediator who oversaw claims by victims of the Sept. 11, 2001, terrorist attacks and also served as administrator of the $20 billion fund to pay victims of the 2010 BP Plc oil spill.

No settlement agreements have been signed, according to the statement. The school said it will not comment further until the settlements have been completed and agreements executed.

“Penn State has no definitive timetable set for the signed agreements, but officials hope to conclude the process with the majority of the claimants within the next several weeks,” according to the statement.

© Copyright 2014 Bloomberg News. All rights reserved.

   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ring Leader of Bell, Calif. Corruption Scheme Gets 12 Years

Thursday, 17 Apr 2014 10:03 AM

The former city manager of Bell, California, who ran a public corruption scheme that bilked the blue-collar community ou . . .

Ohio Out-of-State Gay Marriage Ban in Effect During Appeal

Thursday, 17 Apr 2014 09:57 AM

Ohio's ban on recognizing same-sex marriages from other states will stay in effect until its constitutionality is resolv . . .

GOP Eyes a Sebelius Candidacy to Boosts Its Coffers

Thursday, 17 Apr 2014 06:49 AM

The GOP would relish the chance to exploit a candidacy by outgoing Health and Human Services Secretary Kathleen Sebelius . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved