Penn State news by
Penn State's student blog

Topics

More

$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
  • Ketchum
  • Kekst and Company Inc.
  • Daniel J. Edelman, Inc.
  • Domus Inc
  • The Academy Group
  • TAI
  • KPMG
  • 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
  • Other

Externally Initiated Investigations$593,038

  • Margolis & Healy
  • Lightfoot, Franklin, White LCC
  • Buchanan Ingersoll
  • Saul Ewing
  • Other

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

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

StateCollege.com

Posts from our partner website StateCollege.com.

State College Goodwill Sells Rare Lego Piece For Over $18,000

While it took some time for Goodwill experts to know what they had on their hands, initial offers for the piece came in at $30,000.

New Defensive Coordinator Tom Allen Brings Key Wrinkles To Penn State Football’s Defense

“We try to keep things simple so we can play fast.”

Women’s History Month: Five Influential Penn State Alumnae

To celebrate Women’s History Month, learn more about five influential Penn State alumnae.

Follow on Another Platform
113kFollowers
164kFollowers
59.4kFollowers
4,570Subscribers
Other posts by StateCollege.com

Penn State Targets Football Ticket Brokers As Renewal Process Begins

Penn State stopped the renewal process for nearly 500 football season ticket holders after they were deemed to be “ticket brokers.”

Medical Marijuana Dispensary To Open At Former Home D Location

Herwig’s Austrian Bistro Sets Closing Date