Might as well start selling off Penn State assets now because when the victims' lawyers get done all that will be left of the place is a smoking hole in the Earth.
Rightfully so.
Because Penn State is a “non-profit” they could limit thier liabilities in court. The Archdiocese of Boston used this to stop future lawsuits an end the litigation and make a one time payment agreed to by the victims lawyers.
I heard legal experts say that this will cost Penn State around $100 million. That is chicken feed -- they have a $1.8 billion endowment and $4 billion budget.