Ratings agency Moody’s Investors Service downgraded Penn State University’s long-term rating to Aa2 from Aa1 because of the expected financial costs from pending lawsuits related to the Jerry Sandusky sex abuse scandal.
Penn State wants a judge to put Mike McQueary’s lawsuit against the university on hold.
A 22-year-old man claims in a new lawsuit that Jerry Sandusky fondled him at a summer camp on the Penn State University campus in 2005.
S&P announced the change Monday, saying expenses related to the Sandusky matter have also contributed to financial uncertainty.
A report says Penn State AD Tim Curley will not return after his contract expires.
Negotiators for Penn State say they have reached out to begin settlement talks with men who accuse Jerry Sandusky of sexual abuse.
The State Employees’ Retirement System notified Sandusky he will no longer receive his $59,000 annual pension following his conviction and sentence in the child sexual abuse scandal.
The letters were released Thursday by Judge John Cleland, two days after he sentenced the former Penn State assistant coach to at least 30 years in prison for 45 counts of child sexual abuse.
The victims of Jerry Sandusky didn’t come to court looking for an apology; they know that will likely never happen. They came to make sure no child would ever again suffer at Sandusky’s hands.
BELLEFONTE, Pa. (CBS) — Jerry Sandusky read a statement during his sentencing on Tuesday. The following is what Sandusky had to say: “I’m grateful for the opportunity to speak today. I feel the need to […]
Jerry Sandusky’s attorney says the convicted sex offender will speak out at his sentencing hearing, scheduled for Tuesday in Bellefonte, Pa.
Another milestone arrives for Penn State during the upcoming open week, but players have no plans to keep tabs of this event.
The wife of former Penn State assistant football coach Jerry Sandusky is getting back the $50,000 she put up for his bail before his conviction on 45 counts of child sexual abuse.
A county judge determined that perjury charges should remain in place against two PSU administrators.
The lawyer who ran the Sept. 11 victim fund and other major victim compensation efforts has been hired by Penn State in its effort to settle personal injury claims related to former assistant football coach Jerry Sandusky’s molestation.