Penn State’s costs related to the Jerry Sandusky child sex-abuse scandal are nearing $52 million.
A university website shows the school has racked up just under $51.8 million in expenses as of Aug. 31. That’s up $1.3 million from the figure reported at the end of July.
The amount covers legal fees, consulting work and other costs. The university has said it won’t use tuition dollars, state appropriations or donations to pay the tab. Insurance might cover some claims.
The costs are separate from the $59.7 million settlement that Penn State agreed last month to pay to 26 victims of the former assistant football coach.
Sandusky was sentenced to 30-to-60 years in prison last year after being convicted on dozens of criminal counts of sexual abuse.
Was this article valuable?
Here are more articles you may enjoy.
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers 
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits 
