I’m hearing that the University has settled with the Second Mike and will receive all the “free cash” approximating some $700k+ In addition, Penn State will receive less than $3 million from the Second Mile insurers.
In the settlements PSU made with claimants, the Second Mike was indemnified (as were PSU Trustees). All claimants assigned their respective claims against the Second Mile to PSU.
I would expect the PA AG to
Announce this settlement. I’m not holding my breath that PSU will do the same. That would amount to openness and transparency.
In the settlements PSU made with claimants, the Second Mike was indemnified (as were PSU Trustees). All claimants assigned their respective claims against the Second Mile to PSU.
I would expect the PA AG to
Announce this settlement. I’m not holding my breath that PSU will do the same. That would amount to openness and transparency.