"Our goal has always been to uncover and make transparent the full truth. We have done all we can in this litigation to achieve that end and the furtherance of it beyond this point will not yield anything new, which is why I have decided to end my litigation with the NCAA," Paterno said in the statement.
The NCAA claims that it did not settle with the Paternos, and that the family of the former Penn State coach is voluntarily dropping the lawsuit.
Ganim is a former Harrisburg Patriot-News reporter who in 2011 was the first to report on a grand jury's investigation of former Penn State football assistant and The Second Mile charity founder Jerry Sandusky for allegations of child sexual abuse.
Both men pleaded guilty in March to one misdemeanor count each of endangering the welfare of a child for their handling of Mike McQueary's 2001 report about Jerry Sandusky with a boy in locker room shower.
Here's what you should know about this weekend's Board of Trustees meeting about Greek life reform and the sentencing of former administrators Graham Spanier, TIm Curley, and Gary Schultz related to the Sandusky scandal.
In March, a jury found Graham Spanier guilty on one count of child endangerment, and not guilty on two counts of conspiracy charges related to the Sandusky scandal.