Can Penn St. survive the civil liability it will be hit with?

INSURANCE. Some company will be hit hard. Would serve many well to determine the underwriting company now and DUMP THAT STOCK!

Certainly they can survive it. But it ain't gonna be pretty.

If it was just Sandusky personally, then they can survive it with payouts.

If Mark Madden's rumor is true that Second Mile and Sandusky were pimping out young boys to rich Penn State donors, then the university will be burned to the ground.

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INSURANCE. Some company will be hit hard. Would serve many well to determine the underwriting company now and DUMP THAT STOCK!

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Doubtful. There'll be either an "intentional acts" or "willful or malicious acts" exclusion in whatever policy they have. It would be a bloody coverage fight regardless (is "inaction" an "act"?)

Willful violation of a mandatory reporting statute will NOT be covered by insurance. Paterno is shielded from liability because he followed the law to the "T." The AD, president, etc should have reported to their 'childline' service. The university will try to say that the men who didn't report weren't acting as agents of the university when they weren't reporting, but I doubt that that argument will hold water.

How many more victims come forward that were abused by Sandusky? My guess is that those that have come forward at this point are just the tip of the iceberg.

On the timeline link they refer to him as 'Victim 4,' I think (out of 9).

This is what happens when a University lets a FB Coach rule the roost and then lose control on everything. They will deserve anything handed to them.....sad day....and it will get worse....

Keep in mind, also, that it can be very hard to collect on a judgment against a state agency, if this ever goes to trial. Normally, if the losing defendant doesn't have insurance or cash to cover the judgment, you can start seizing assets, etc. Several Catholic dioceses had to do this with their scandal. But unless PA is somehow different from most places, you can't just go and seize, say, the Engineering building at Penn St, and sell it at Sheriff's auction to cover the judgment. So on top of everything else, if there were a judgment that seriously threatened the existence of Penn St., they could possibly choose the politically unpopular route of simply not paying the judgment at all.

This is a state school, so if someone sues PSU isn't it technically a suit against the state itself? I could be wrong on this one.....