Penn State to Compensate Sandusky Victims, Erickson Says
This article is for subscribers only.
Pennsylvania State University plans to settle with victims of the Jerry Sandusky sex-abuse scandal, President Rodney Erickson said.
The university is working with outside lawyers and plans to announce a process that will result in the settlement of “ideally all” of the civil cases so that “victims will not have to be dragged through a long litigation process,” Erickson said in an interview yesterday at Bloomberg LP’s headquarters in New York. The money will come from insurance policies and funds set aside from interest on internal loans, Erickson said.