Sandusky Scandal-Related Costs Reach $47.7 Million in May
It’s time for everyone’s favorite monthly update.
Penn State’s costs associated with the Jerry Sandusky child sex abuse scandal through the end of May have been counted and the latest total is $47,753,721. That’s roughly $900,000 more than the previous month.
Penn State releases the totals as they become available and posts them, broken down into categories, on the university’s progress website. It generally takes around 45 days for costs to be adjusted.
Penn State paid the first $12 million of its $60 million fine into an escrow fund in December. The fine is part of the university’s NCAA sanctions. Penn State’s costs also include legal fees, public relations work and consultant costs. University officials say they expect some of the costs to be covered by Penn State’s insurer.
The fees, as compiled by Penn State, are as follows:
NCAA Fine: $12,000,000
Freeh Sporkin & Sullivan/Pepper Hamilton LLP: $8,170,627
Independent Monitor: $1,747,106
DLA Piper, LLP
Board of Trustees – Legal Services, Consulting Services and Communications:$6,685,733
Reed Smith LLP
Ketchum
Kekst and Company Inc.
Daniel J. Edelman, Inc.
Domus Inc
The Academy Group
TAI
KPMG
Ethics Resource Center
Other
University Legal Services/Defense: $10,437,434
Saul Ewing
Duane Morris
Lanny J. Davis and Associates
Jenner & Block, LLP
ML Strategies
Lee, Green & Reiter Inc.
Document Technologies, Inc.
White and Williams, LLP
Feinberg Rozen, LLP
Other
Externally Initiated Investigations: $744,173
Margolis & Healy
Lightfoot, Franklin, White LCC
Buchanan Ingersoll
Saul Ewing
Guideposts Solutions LLC
Other
Indemnified Persons’ Legal Defense: $5,878,229
Farrell & Reisinger
Caroline M. Roberto
Vaira & Riley
Schnader, Harrison, Segal & Lewis, LLP
Gover, Perry & Shore
Gentile Meinert Assoc/CSI
Fox Rothschild LLP
Hamburg & Golden, P.C.
Cohen & Grigsby
Dinsmore & Shohl
Camson Rigby
Robert A. Leonard
General Indemnified Persons’ Defense
Various Vendors
Other
Other Institutional Expenses: $2,090,419
Total as of May 31, 2013: $47,753,721
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