Penn State says it is paying $59.7 million to 26 young men over claims of child sexual abuse at the hands of former assistant football coach Jerry Sandusky.
The university made the announcement Monday. It says it has concluded negotiations that have lasted about a year.
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The school says 23 deals are fully signed and three are agreements in principle. The school faces six other claims; it says that some don't have merit but that others may produce settlements.
The university said that the day Sandusky was convicted last year of 45 criminal counts it was determined to compensate his victims.
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Sandusky maintains his innocence and is seeking a new trial while he serves a 30- to 60-year state prison sentence.
The university's disclosure comes after some of the attorneys involved had confirmed they settled.
—By Mark Scolforo, Associated Press