More than two dozen men, who were sexually abused by a former assistant football coach at Penn State Univerisity will receive a settlement of nearly 60 million dollars, the university announced.
The settlement stems from a molestation scandal involving boys, who participated in a programme for disadvantaged youth run by Jerry Sandusky.
The former coach, 68, was convicted last year of child sex abuse and is serving a 30-year
sentence.
The university said 26 settlements had been reached.
Under terms of the settlement, the men agreed not to file any further claims against Penn State and other parties.
Other terms of the settlement are confidential, the university said.
The case resulted in the firing of Penn State University’s president and its legendary coach, Joe Paterno, who later died of cancer.
Paterno was sacked after it was alleged that he covered up evidence about Sandusky’s activities.
In the wake of the scandal, the university was fined 60 million dollars by the National Collegiate Athletic Association (NCAA).
The fine was imposed for the university’s role in covering up the child sex abuse.
As a result of the case, Penn State has instituted more than 115 changes related to safety, human resources, security, compliance and governance, the university said.
The sensational case is set to be the subject of a Hollywood movie.
Director Brian de Palma has announced plans to cast Al Pacino in the role of Paterno in the film.
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