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Penn State Could Owe Victims More Than $100 Million
http://www.businessinsider.com/civil-suits-could-cost-penn-state-more-than-100-million-2011-11 ^

Posted on 11/10/2011 7:07:57 PM PST by TigerClaws

The Penn State University football program is worth more than $50 million each year to the university. But according to one estimate, the Jerry Sandusky sex abuse case could cost the university more than $100 million in civil suits alone.

Read more: http://www.businessinsider.com/civil-suits-could-cost-penn-state-more-than-100-million-2011-11#ixzz1dMVfQZe7

(Excerpt) Read more at businessinsider.com ...


TOPICS: Crime/Corruption; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: homosexualagenda; pederastagenda; pederasty; pennstate; sourcetitlenoturl

1 posted on 11/10/2011 7:07:58 PM PST by TigerClaws
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To: TigerClaws

At least. If they are not concerned, they should be.


2 posted on 11/10/2011 7:10:38 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: TigerClaws

Maybe that would be an incentive not to cover up child rape for a decade.


3 posted on 11/10/2011 7:11:53 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: TigerClaws

I think it will be much MORE than that when it all comes out ‘in the wash’. JMO

If there are others, I hope they remain strong and come forward.


4 posted on 11/10/2011 7:12:34 PM PST by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: TigerClaws

So, maybe the faculty could take a pay cut to help pay the claims?


5 posted on 11/10/2011 7:14:59 PM PST by BAW (No Romney.)
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To: TigerClaws

Thats chump change. PS Football makes about 50 Million PROFIT a year. Thats only 2 years. Not enough.


6 posted on 11/10/2011 7:21:43 PM PST by tennmountainman
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To: tennmountainman

Link to the grand jury report:

http://kstp.com/kstpImages/repository/cs/files/Sandusky-Grand-Jury-Presentment-1.pdf


7 posted on 11/10/2011 7:24:49 PM PST by TigerClaws
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To: TigerClaws

The school has an endowment of about $1.5 billion.


8 posted on 11/10/2011 7:26:06 PM PST by Stosh
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To: GeronL

I think that’s precisely why they did cover it up. They eased Sandusky out and tried to disassociate the Univ. from him, without letting on why.


9 posted on 11/10/2011 7:26:24 PM PST by hellbender
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To: tennmountainman
Thats chump change. PS Football makes about 50 Million PROFIT a year. Thats only 2 years. Not enough.

I expect their program is going to take a hit -- expect some existing players to depart and recruits will have to get past the new moniker "Ped State."

10 posted on 11/10/2011 7:26:29 PM PST by CedarDave
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To: TigerClaws
The news coverage of this incident is quite irritating in at least one regard: nowhere has anyone used the word "gay" in reference to the perpetrators (no, Jerry Sandusky did not act alone.) The entire culture has been conditioned to be blind to sex crimes commited by homosexuals.

When we first initiated the process of normalizing homosexuality, we ignored the inevitable consequences.
Now that it's beginning to come to fruition, we refuse to see what is happening and simply choose to call it something else.

This is not unique in history; societies have experienced it again and again and there's a reason humanity always ends up outlawing it.

11 posted on 11/10/2011 7:28:40 PM PST by stormhill
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To: TigerClaws

there may no longer be a football program,

or any sports for that matter.


12 posted on 11/10/2011 7:34:06 PM PST by ken21
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To: TigerClaws

ALso consider that the NCAA is considering shutting down the Penn State football program for this year and the entire season next year.


13 posted on 11/10/2011 7:36:27 PM PST by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: TigerClaws

$100 Mil is only the tip of the iceberg ...

Factor in loss in student attendance at PSU [less tuition revenue], alumni donations, corporate donations, government grants, etc. Pretty soon, you’re talking real money ...


14 posted on 11/10/2011 7:38:14 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: tennmountainman
Thats only 2 years. Not enough.

Just a cost of doing business. They're still $400 million ahead.

15 posted on 11/10/2011 7:39:17 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: TigerClaws
Re: “grand jury report”

I don't know how many remember it, but back in the 90’s, one of the times Michael Jackson was being sued, several transcripts were published of his victims giving their statement. As I recall, their statements of what went on was so similar to this it is scary. Always involved the adult getting into bed with the kid and making some kind of excuse to have contact.

It's almost like there is a book of instructions somewhere that all of these POS perverts follow.

16 posted on 11/10/2011 7:40:39 PM PST by I cannot think of a name
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To: TigerClaws

That figure seems a little low to me.


17 posted on 11/10/2011 7:41:15 PM PST by dfwgator (I stand with Herman Cain.)
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To: Owl_Eagle; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ...
Penn State is a "state-related" university which means it is rather independent of state oversight. It also only gets about 10 percent of it's budget from direct contributions from Harrisburg.

Hopefully, this scandal means PSU administrators and faculty have to take massive cuts in pay.

18 posted on 11/10/2011 7:42:07 PM PST by Tribune7 (If you demand perfection you will wind up with leftist Democrats)
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To: hellbender
I read he was running "youth football camps" on university property until the last couple of years. I think that billion dollar endowment is about to take a big hit.

Some how none of the media has anything nice to say about the idea of gay leadership in the scouts or in the miitary this week. Do you think that will change soon?forgetaboutit.

19 posted on 11/10/2011 7:46:31 PM PST by q_an_a (the more laws the less justice)
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To: TigerClaws

I think they’ll be paying the victims for many, many years.

There are so many people that are potentially culpable here.

....And possibly many more involved considering the story about the missing DA that’s presumed dead. That can’t be coincidence.

Geez, this whole this is like watching a disturbing movie.


20 posted on 11/10/2011 7:48:46 PM PST by SMCC1
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To: stormhill

You missed the PC take on all this?

It’s that these are heterosexual men (look - he’s married!) and not typical gay behavior, which involves only (mostly) monogamous consensual sex between two adults who can now legally marry.

That’s the “party line” on these situations.


21 posted on 11/10/2011 7:48:48 PM PST by TigerClaws
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To: TigerClaws

The shame is that the actual people involved will skate. None of them will end up paying out of their own pockets!


22 posted on 11/10/2011 7:50:47 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: CedarDave

Before everything is said and done, I think Penn State will voluntarily suspend its football program for a couple of years—or be forced to do so by the NCAA. This is the worst scandal in the history of college football—far worse than the usual incidents of cheating. Given the magnitude of this scandal, it’s impossible to envision Penn State football being allowed to continue with business as usual, or simply forfeit a few scholarships, along with TV and bowl appearances.


23 posted on 11/10/2011 7:52:04 PM PST by ExNewsExSpook (uoted)
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To: Tribune7
Hopefully, this scandal means PSU administrators and faculty have to take massive cuts in pay.

They can start with that global warming charlatan Michael Mann whose use of faulty data generated the so-called "hockey stick" graph in an attempt to show global temperatures have dramatically risen since 1950 which correlates with the rise in carbon dioxide. Though seemingly a slam-dunk for the brain dead global warming crowd, correlation does not equal causation and release of the climategate emails show that several researchers conspired to cook the results in their favor.

24 posted on 11/10/2011 7:52:37 PM PST by CedarDave
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To: TigerClaws

I agree with the article’s estimate of $100 - $250 million in civil judgments and settlements. IMO the loss of football revenue will be comparable.


25 posted on 11/10/2011 7:58:10 PM PST by Thud
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To: stormhill
You are absolutely correct. Never in all of history was there ever predatory sexual deviancy until the United States started “normalizing homosexuality.”
26 posted on 11/10/2011 8:02:09 PM PST by starlifter (Pullum sapit)
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To: tennmountainman

Penn St. football USED to make 50 million dollars a year. I fixed it for you.


27 posted on 11/10/2011 8:09:44 PM PST by libertybell
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To: tennmountainman
Other reports put that figure at $80 Million per year.
28 posted on 11/10/2011 8:11:23 PM PST by TYVets (Pure-Gas.org ..... ethanol free gasoline by state and city)
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To: starlifter
You are absolutely correct. Never in all of history was there ever predatory sexual deviancy until the United States started “normalizing homosexuality.”

Oh, that's a killer riposte, the kind of slam-dunk logical smack that blows the whole issue right out of the water.

Oh, did I say "blows?" Oops.

29 posted on 11/10/2011 8:12:23 PM PST by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: CedarDave
They can start with that global warming charlatan Michael Mann whose use of faulty data generated the so-called "hockey stick" graph in an attempt to show global temperatures have dramatically risen since 1950 which correlates with the rise in carbon dioxide.

Yes. Penn State did their own investigation of Mann when his fraud was made public, and they exonerated him. Sounds like familiar territory for this institution.

30 posted on 11/10/2011 8:13:31 PM PST by Rocky (REPEAL IT!)
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To: Lmo56

Good point. As one astute columnist in New Jersey pointed out yesterday . . . Without its football program, Penn State is just Rutgers without a short train ride to New York City.


31 posted on 11/10/2011 8:16:16 PM PST by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: ExNewsExSpook
Before everything is said and done, I think Penn State will voluntarily suspend its football program for a couple of years—or be forced to do so by the NCAA. This is the worst scandal in the history of college football—far worse than the usual incidents of cheating.

News at the top of the hour said the PS Board of Trustees are not done meeting and more suspensions/firings expected in the next several days.

32 posted on 11/10/2011 8:28:29 PM PST by CedarDave
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To: TigerClaws

Sue it until it closes down. It’s time we started shutting the doors of these despicable “institutions”—


33 posted on 11/10/2011 8:44:23 PM PST by Mamzelle
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34 posted on 11/10/2011 8:57:54 PM PST by RedMDer (Forward With Confidence!)
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To: TigerClaws

He has no natural children.


35 posted on 11/10/2011 9:23:24 PM PST by bushpilot1
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To: bushpilot1

When you can’t propagate your own species, you have to recruit and indoctrinate, including by force.


36 posted on 11/10/2011 10:14:07 PM PST by Razzz42
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To: BunnySlippers

Good. It is a pervert organization through and through. Not just the football program.


37 posted on 11/11/2011 8:42:09 AM PST by SaraJohnson
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To: Thunder90

If I may ask, where did you get that information?

Thanks.


38 posted on 11/11/2011 8:46:39 AM PST by alarm rider (I took the pledge, I will never vote for another RINO, not now, not ever.)
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