Larkin is the first Penn State baseball player to be drafted in the 2021 MLB Draft.
Penn State's Nittany Lion Shrine and Eisenhower Parking Deck will temporarily close this week while they get some maintenance work done.
At this time, it's unclear whether he'll immediately begin a professional baseball career or bring his talents to Happy Valley.
"Now, our athletes will no longer be forced to choose between receiving fair compensation and continuing to play."
The suit claims former owner Yun Xue "knowingly, intentionally, and willfully" failed to pay minimum wage, compensate employees for working overtime, or accurately report and record hours.
Happy Valley Improv will break in the new venue with a show at 7 p.m. on Friday, July 9. Additional shows are scheduled through the end of July.