Fox News Penn State has announced that it is paying $59.7 million to 26 young men to settle claims of child sexual abuse at the hands of former assistant football coach Jerry Sandusky.
The university said it had concluded negotiations that have lasted about a year. [...]
Penn State has spent more than $50 million on other costs related to the Sandusky scandal, including lawyers' fees, public relations expenses, and adoption of new policies and procedures related to children and sexual abuse complaints. [...]