Penn State Spends More Than $129.5 million on Jerry Sandusky Scandal
Penn State University has released the latest calculations for the cost of the Jerry Sandusky scandal, which is now more than $129.5 million.
The university updated the figures Friday on its website after StateCollege.com made multiple requests for the figures. Fees and costs totaled more than $69.8 million as of Dec. 31. The figure does not include the $59.7 million settlement Penn State reached with 26 Sandusky victims in October. Combined, total expenses reach more than $129.5 million.
Last year, Penn State was posting spending updates roughly every 45 days. However, Friday's update is the first since November which documented expenses up to Aug. 31, 2013. Expenses have increased by more than $77.8 million since then, when Penn State logged nearly $52 million in spending.
The university now says on its website it will update the figures every six months.
The university expects to be reimbursed for some fees and costs through insurance policies.
Expenses as Reported by Penn State
- Freeh Sporkin & Sullivan/Pepper Hamilton LLP: $8,171,177
- Independent Monitor: $2,794,620
- DLA Piper, LLP (NCAA Monitor)
- Guideposts Solutions LLC
- Board of Trustees - Legal Services, Consulting Services and Communications: $8,165,679
- Reed Smith LLP
- Kekst and Company Inc.
- Daniel J. Edelman, Inc.
- Domus Inc
- The Academy Group
- Ethics Resource Center
- University Legal Services/Defense: $13,433,288
- Saul Ewing
- Duane Morris
- Lanny J. Davis and Associates
- Jenner & Block, LLP/Kasowitz, Benson Torres & Friedman
- ML Strategies
- Lee, Green & Reiter Inc.
- Document Technologies Inc.
- White and Williams LLP
- Feinberg Rozen, LLP
- Externally Initiated Investigations: $2,517,948
- Margolis & Healy
- Lightfoot, Franklin, White LCC
- Buchanan Ingersoll
- Saul Ewing
- Indemnified Persons' Legal Defense: $8,579,323
- 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
- Other Institutional Expenses: $2,170,828
- NCAA Fine: $24,000,000 *
TOTAL as of Dec. 31, 2013: $69,832,863 **
* University is setting aside funds annually until 2017
** Does not include settlements for victim civil lawsuits, several of which remain unresolved.
Sandusky, a former Penn State football coach, is a convicted pedophile. A jury found him guilty of 45 counts of child sexual abuse. He is serving a 30 to 60 year sentence in state prison. Meanwhile, three former Penn State administrators are awaiting trial for allegedly attempting to cover up the scandal.