According to an article last week in the Denver Post: ‘Penn State University could face years of litigation over Jerry Sandusky's abuse of children, but the school is also doing some things that may limit the damage, according to lawyers with experience in such cases.ģ. Penn State lawyers are awaiting the onslaught of litigation from the victims of Sandusky that appear to be inevitable. This was just the sanction end which has nothing to do with their liability as relates Sandusky.Ģ. University was bracing for the fines and sanctions that they knew were coming and, in fact, on Monday July 23rd, Penn State learned the amount: $60,000,000 payable in $12 million increments to fund programs for detection, prevention and treatment of child abuse. We are going to look into where we stand now from an insurance perspective knowing that this is a fast evolving story.ġ. Even as his statue was being removed from the Penn State campus this weekend, the news is filled with the legal and financial consequences of the Sandusky trial from the liability of Penn State the civil actions that all of the victims are filing the cost of any civil trial that Sandusky might have to face AND how the various insurance carriers are scrambling to get off the hook. The recent arrest and trial of Jerry Sandusky has resulted in an ignominious end to the long and successful career of Coach Joe Paterno. Sandusky, Penn State and the Victims - How does “Insurance” fit in to this tragedy?
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