Twenty-six men will share a $59.7-million payout from Penn State University to settle claims that they were sexually abused as children by former defensive coordinator Jerry Sandusky.
The university announced that agreements were reached after nearly a year of negotiations. Twenty-three have completed the legal paperwork; three have agreements in principle with the school. Individual amounts were not disclosed because of confidentiality agreements, according to Pennlive.com. Six other claims remain unresolved.
Sandusky is appealing his June 2012 conviction on 45 counts of abuse and is serving a 30-to-60-year sentence. Three former administrators (president Graham Spanier, vice-president Gary Schultz and athletic director Tim Curley) await trial on charges that they concealed the scandal.
Earlier this year, trustee’s authorized final settlement agreements, allocating about $60 million that the university says will not come from student tuition, taxpayer funds or donations. The money will come from insurance and from interest on loans made by the school.
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