[h=5]SOLOMON LEACH, Daily News Staff Writer [email protected], 215-854-5903 Ex-university president Graham Spanier, former athletic director Tim Curley and retired senior vice president Gary Schultz are all charged with not alerting authorities about accusations of abuse, lying to investigators and trying to obstruct the investigation. A trial date has not been set.[/h]Posted: Tuesday, October 29, 2013, 12:16 AM
NEARLY TWO YEARS after the Jerry Sandusky sex-abuse scandal unfolded, Penn State said it has reached settlements with 26 of Sandusky's victims for a total of about $60 million.
Of the 26 settlements, all of which are confidential, 23 people have signed agreements and three agreements in principle, equaling $59.7 million, the university announced yesterday.
Six other claims have either been deemed without merit or have not been decided on.
Sandusky, 69, the former assistant football coach, was convicted in June 2012 of 45 counts of child sex abuse for molesting 10 boys over 15 years. He is serving 30 to 60 years in prison and was recently denied an appeal.
The first reported settlement, reached in August, was for Victim 5, who testified that Sandusky abused him months after former assistant coach Mike McQueary saw Sandusky in the shower with a young boy and reported it to then-coach Joe Paterno. The university had declined to comment at the time, choosing to wait until all the deals were reached."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," Keith Masser, chairman of the Board of Trustees, said in a statement. "This is another important milestone in accomplishing that goal."
Penn State said the settlement amounts will be reflected in the school's audited financial statements for the year that ended June 30, 2013, and will not be funded by student tuition, taxpayer funds or donations. Officials said liability insurance policies are expected to cover the claims.
The university has not disclosed the cost of legal fees and other expenses from the settlements.
"We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State," Penn State president Rodney Erickson said in the same statement.
On Twitter: @ChroniclesofSol
NEARLY TWO YEARS after the Jerry Sandusky sex-abuse scandal unfolded, Penn State said it has reached settlements with 26 of Sandusky's victims for a total of about $60 million.
Of the 26 settlements, all of which are confidential, 23 people have signed agreements and three agreements in principle, equaling $59.7 million, the university announced yesterday.
Six other claims have either been deemed without merit or have not been decided on.
Sandusky, 69, the former assistant football coach, was convicted in June 2012 of 45 counts of child sex abuse for molesting 10 boys over 15 years. He is serving 30 to 60 years in prison and was recently denied an appeal.
The first reported settlement, reached in August, was for Victim 5, who testified that Sandusky abused him months after former assistant coach Mike McQueary saw Sandusky in the shower with a young boy and reported it to then-coach Joe Paterno. The university had declined to comment at the time, choosing to wait until all the deals were reached."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," Keith Masser, chairman of the Board of Trustees, said in a statement. "This is another important milestone in accomplishing that goal."
Penn State said the settlement amounts will be reflected in the school's audited financial statements for the year that ended June 30, 2013, and will not be funded by student tuition, taxpayer funds or donations. Officials said liability insurance policies are expected to cover the claims.
The university has not disclosed the cost of legal fees and other expenses from the settlements.
"We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State," Penn State president Rodney Erickson said in the same statement.
On Twitter: @ChroniclesofSol