$44 Million Spent Picking Up After Sandusky Scandal, Penn State Says
The bill from the Jerry Sandusky scandal continues to grow. In the latest figures, just released on Penn State’s ‘progress’ website, the university says it’s spent about an additional million dollars. That brings the grand total to $44,452,243 as of the end of February, the most recent figures available.
Penn State releases the updated totals as numbers become available, which is generally 40-45 days after any given month.
In December, Penn State paid the first $12 million of its $60 million fine into an escrow fund. Penn State’s costs also include legal fees, public relations work and consultant costs. University officials have said they expect some of the costs to be covered by Penn State’s insurer.
Totals for February are reflected below and can be found on Penn State’s ‘progress‘ website:
- NCAA Fine: $12,000,000
Freeh Sporkin & Sullivan/Pepper Hamilton LLP: $8,159,083 Costs associated with compiling the Freeh Report.
Independent Monitor: $1,421,320 Cost for independent monitor (former Sen. George Mitchell) hired to make sure Penn State complies Freeh report.
- DLA Piper, LLP
Board of Trustees – Legal Services, Consulting Services and Communications: $6,000,482
- Reed Smith LLP
- Kekst and Company Inc.
- Daniel J. Edelman, Inc.
- Domus Inc
- The Academy Group
- Guidepost Solutions
University Legal Services/Defense: $9,243,590
- Saul Ewing
- Duane Morris
- Lanny J. Davis and Associates
- Jenner & Block LLPML Strategies
- Lee, Green & Reiter Inc.
- McQuaide Blasko
- Document Technologies, Inc.
- White and Williams, LLP
- Feinberg and Rozen, LLP
Externally Initiated Investigations: $593,038
- Margolis & Healy
- Lightfoot, Franklin, White LCC
- Buchanan Ingersoll
- Saul Ewing
Indemnified Persons’ Legal Defense: $5,151,634 Costs associated with legal defense for Gary Schultz, Tim Curley and Graham Spanier.
- Farrell & Reisinger
- Caroline M. Roberto
- Vaira & Riley
- Schnader Harrison, Segal & Lewis LLP
- Gover, Perry, & Shore
- Gentile Meinert Assoc
- Fox Rothschild LLP
- General Indemnified Persons’ Defense
- Various Vendors
Other Institutional Expenses: $1,883,096
Total as of Dec. 31, 2012: $44,452,243