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Penn St. agrees to pay $59.7 million

Updated: October 28, 2013, 6:46 PM ET
Associated Press

HARRISBURG, Pa. -- Penn State said Monday 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 school said 23 deals are fully signed and three are agreements in principle, but it did not disclose the names of the recipients.

The school faces six other claims, some of which it says may still produce future settlements.

University president Rodney Erickson issued a statement calling ...

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