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Well, here's a news flash: people who get fired on the basis of accusations sue their employers for wrongful termination all the time, which is exactly why employers have a policy manual, and why employer's who have a policy manual DON'T do it.

I understand that in the worlds of fast food and mega-retail and shelf-stocking, you haven't been afforded these protections, but most governments, universities, and corporations large and small who hire professional, educated people don't do it -- at all -- let alone "all the time."

With a few exceptions, it's perfectly legal to fire someone for reasons that seem unfair (or even crazy), or for no reason at all.

-- Annie Fisher

http://management.fortune.cnn.com/2013/02/22/wrongful-termination-employment/

That's on THAT side of the coin...

Most wrongful termination lawsuits have solid grounds- like
-Whistle blower retaliation
- Termination for jury duty
Refusal to break the law at the request of the employer
Invasion of Privacy
harassment
discrimination
Defamation of Character

Paterno wouldn't have sued for any of these...would have resulted in even more of what was under the surface coming out..