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Message
Civil Suits Against Penn State Could Cost Between $100-$250 million
Posted on 11/10/11 at 7:56 pm
Posted on 11/10/11 at 7:56 pm
LINK
This is pretty interesting, especially considering the entire system endowment is approximately $1.5 billion.
This is pretty interesting, especially considering the entire system endowment is approximately $1.5 billion.
3
Posted on 11/10/11 at 7:59 pm to MikeyFL
Joe Pa going to be broke
Posted on 11/10/11 at 8:01 pm to geauxlsu07
20 people who have abused have come forward and they are expecting more, lets see, this went on for how long?
Posted on 11/10/11 at 8:03 pm to Mulat
What percentage of these people coming forward will be lying for money?
Posted on 11/10/11 at 8:16 pm to xenythx
quote:
What percentage of these people coming forward will be lying for money?
34.7666, repeating, of course
Posted on 11/10/11 at 8:59 pm to MikeyFL
given that many of these horrific acts occurred almost 10 years ago, I wonder if the statute of limitations in PA will be any kind of hurdle for the victims? The list of PSU reps who could be made defendants would take up several pages of the petition/complaint.
This post was edited on 11/10/11 at 9:07 pm
Posted on 11/10/11 at 9:01 pm to MikeyFL
i was going to post this
could be upwards of $500M, depending on how many kids come forward
could be upwards of $500M, depending on how many kids come forward
Posted on 11/10/11 at 9:03 pm to SlowFlowPro
I hope those kids get every penny the school has.
Posted on 11/10/11 at 9:07 pm to lsu480
the kid that the red head did not stop from getting raped in the shower can probably get that himself
that kid's grandkids aren't going to have to work by the time it's all over
that kid's grandkids aren't going to have to work by the time it's all over
Posted on 11/10/11 at 9:09 pm to Stevo
quote:
I wonder if the statute of limitations in PA will be any kind of hurdle for the victims?
LINK
Maybe for a few of the early ones. It's a little complicated if you turned 18 before 2002, but:
quote:
For cases involving child victims who turn18 on or after August 27, 2002, the Commonwealth now has until the victim’s 50th birthday to file criminal charges for abuse that occurred before the victim turned 18.
Posted on 11/10/11 at 9:14 pm to jturn17
would not appear to be a problem. JoePa needs a civil lawyer too.
Posted on 11/10/11 at 9:37 pm to Stevo
Penn State is a state agency, no way in hell they are getting a quarter of a billion from a state that is probably broke and running a deficit.
Posted on 11/10/11 at 9:42 pm to Stevo
I'm not a lawyer but don't state and federal entities have very limited liabilities... sovereignty of the crown and other bullshite
individual persons better lawyer up but 'penn state' itself? i don't know but i'm not convinced these clowns know either.
individual persons better lawyer up but 'penn state' itself? i don't know but i'm not convinced these clowns know either.
Posted on 11/10/11 at 9:52 pm to billfish21
quote:
I'm not a lawyer but don't state and federal entities have very limited liabilities... sovereignty of the crown and other bullshite
Yep
I've heard of a lot of cases of PennDOT workers injuring people through blatant negligence like unsecured loaDs, and they were SOL because of limits on suing the state.
Now, if the athletic department is in any way a private entity that could help the victims.
This post was edited on 11/11/11 at 11:28 am
Posted on 11/11/11 at 12:32 am to GatorNDAHood
quote:
Penn State is a state agency, no way in hell they are getting a quarter of a billion from a state that is probably broke and running a deficit.
Exactly. They will get plenty of money, but no judge is going to allow 20 people to bankrupt the state university of Pennsylvania.
Posted on 11/11/11 at 12:34 am to geauxjudge
The POS Dallas Diocese dismissed most claim in Texas based limitations. Chicken shite and Im Catholic
Posted on 11/11/11 at 2:37 am to SlowFlowPro
slow you are a lawyer albeit a young one, this number will never be reached nor will any trials. this will settle confidentially for FAR less and noone will know the terms
Posted on 11/11/11 at 7:42 am to TomballTiger
I suspect that Penn State will eventually create a victims' compensation fund and negotiate generous settlements with the victims. It would be the right thing to do.
Posted on 11/11/11 at 7:45 am to GatorNDAHood
quote:The university has endowments to cover this type of liability. Someone else covered this the day before yesterday. I would think if there are no endowments, then they must carry some type of insurance to cover the university against law suits.
Penn State is a state agency, no way in hell they are getting a quarter of a billion from a state that is probably broke and running a deficit.
Posted on 11/11/11 at 7:59 am to TigerWoody
i agree with tigeridgeland and tigerwoody
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