Penn State will pay $59.7 million to 26 sexual abuse victims of former assistant football coach Jerry Sandusky, the school said Monday.
The terms of the settlements include confidentiality agreements, the school said in a press release. Of the 26 settlements, 23 are signed and three are agreements in principle, with final documentation expected within the next few weeks.
“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, chair of the Board of Trustees, said in a statement. “This is another important milestone in accomplishing that goal.”
University President Rodney Erickson called the agreements “another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State.”