PSU news by
Penn State's student blog

Topics

About

$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

About the Author

StateCollege.com

Posts from our partner website StateCollege.com.

Comments

More by StateCollege.com

Herwig’s Austrian Bistro Sets Closing Date

Owner Bernd Brandstatter announced in March that restaurant would be closing between June and August, but the final day of business has been moved up.

Former Penn State Football Player Denies Burglary, Assault Accusations

Spats Cafe Collaboration With Allen Street Grill Set For Grand Opening

Athletics

Penn State Women’s Volleyball Releases 2018 Schedule

Russ Rose’s Nittany Lions won’t play a single home match in September, electing to test themselves against teams like Stanford and Oregon early in the season.

Penn State Hoops Alumnus Joonas Suotamo’s Journey To Becoming Chewbacca Featured On ESPN’s ‘E:60’

Evaluating Tony Carr’s Performance At The 2018 NBA Draft Combine

Penn State Hockey Commit Evan Bell Wins Clark Cup With USHL’s Fargo Force

Center Ludvig Larsson Transfers To Penn State Hockey From Merrimack

Student Life

Penn State Esports Wins Tespa Collegiate Hearthstone Championship

With two Penn State Esport teams in the top eight, the odds of winning the National Championship were ever in our favor.

Road And Utility Work Impacting Penn State This Summer

Where Do Penn Staters Move After Graduation?

Plans Submitted For New KFC In State College

Developers have submitted preliminary land development plans to build a new KFC restaurant at 1780 S. Atherton St. in State College.

Evaluating Tony Carr’s Performance At The 2018 NBA Draft Combine

Carr underwhelmed in the agility tests and the scrimmage, but impressed scouts with his sharp-shooting skills.

We Are Royalty: Meghan Markle Is A Penn State Fan

Penn State fans are everywhere, even in the British royal family.

Be the first to know

  • Top posts and the best Penn State stories

Thank you for subscribing.

Something went wrong.

Penn State Esports Wins Tespa Collegiate Hearthstone Championship

With two Penn State Esport teams in the top eight, the odds of winning the National Championship were ever in our favor.

Send this to a friend