MSU settles with Larry Nassar's 332 victims for $425 million

Discussion in 'BWI / McAndrew Board' started by Shendojoe, May 16, 2018.

  1. Shendojoe

    Shendojoe Well-Known Member
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  2. interrobang

    interrobang Well-Known Member
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    Wow, they settled low. 332 claimants for $425 million?
     
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  3. ChiTownLion

    ChiTownLion Well-Known Member
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  4. psu1969a

    psu1969a Well-Known Member
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    Looks like MSU has a better lawyer than PSU. Each plaintiff will get less that 1M. It will be 1.28 million minus lawyer's fee (around 30%) = about 899,000.
     
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  5. BOSCO2

    BOSCO2 Well-Known Member
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    As usual, men get paid better than the ladies. Shocked and dismayed.
     
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  6. interrobang

    interrobang Well-Known Member
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    Obviously Tom Kline was not representing the Nassar victims.
     
  7. ChiTownLion

    ChiTownLion Well-Known Member
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    Article touches on the financials about halfway through.

    @Shendojoe started the thread but this headline needs the right subject line. Feel free to merge.
     
    7 ChiTownLion, May 16, 2018
    Last edited: May 16, 2018
  8. interrobang

    interrobang Well-Known Member
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    Up to three threads on this already
     
  9. BobPSU92

    BobPSU92 Well-Known Member
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    TUITION. :eek:
     
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  10. BobPSU92

    BobPSU92 Well-Known Member
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  11. 91Joe95

    91Joe95 Well-Known Member
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    More guilty and still cheaper than PSU's bot. Imagine that.
     
  12. JeffClear

    JeffClear Well-Known Member
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    Nope, Penn State paid about $250 million and that includes McQ’s lawsuit.
     
  13. step.eng69

    step.eng69 Well-Known Member
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    F`n BOT
     
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  14. ChiTownLion

    ChiTownLion Well-Known Member
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  15. stormingnorm

    stormingnorm Well-Known Member
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    They are at about 30% of what PSU paid the claimants.......

    And that’s without considering all the ancillary expenses PSU paid out (which I would expect are significantly higher than MSU - probably in at least the 9-figure order of magnitude)
     
  16. interrobang

    interrobang Well-Known Member
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    MSU is paying more, but per person its a hell of a lot cheaper
     
  17. hotmetal

    hotmetal Well-Known Member
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    The per capita payout amount seems like a bargain.
     
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  18. stormingnorm

    stormingnorm Well-Known Member
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    Actually, it is more or less in line (just a bit high) with every other situation of this ilk ...... Catholic Church issues, etc.

    It only looks “small” when compared to the one egregious outlier......... the PSU BOT
     
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  19. stormingnorm

    stormingnorm Well-Known Member
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    But Ira and Kenny - with the strong support of rocket-surgeons like McCombie and Lubrano - were in charge. :)
     
  20. marshall23

    marshall23 Well-Known Member
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    PSU was so fortunate to have The Ship of Fools.
     
  21. 91Joe95

    91Joe95 Well-Known Member
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    $250MM+ for 30 plus massive additional costs.
     
  22. 91Joe95

    91Joe95 Well-Known Member
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    I bet MSU's insurance also covers quite a good portion of it too.
     
  23. 91Joe95

    91Joe95 Well-Known Member
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    You mean Ira Lubert's good buddy Tom Kline. Talk about convenient.
     
  24. stormingnorm

    stormingnorm Well-Known Member
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    I will never forget the SMFH feeling as the 2012 elected TTEEs tried to tell me I was wrong - and that I needed to trust them that the secret settlement process “was going to be so much better” and less expensive.

    Then - and now - one has to wonder if they could possibly be that stupid...... or if they had ulterior motivations.
     
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  25. nittany119

    nittany119 Well-Known Member
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    One of my favorite Grateful Dead tunes.
     
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  26. 91Joe95

    91Joe95 Well-Known Member
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    My sinking moment was right after Freeh released his fact filled report and insurance immediately came out and said it had no basis.
     
  27. 91Joe95

    91Joe95 Well-Known Member
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    Correct me if I am wrong because work is blocking some links, but this isn't an actual settlement with any victims, just a block of money set aside to cover claims?
     
  28. Shendojoe

    Shendojoe Well-Known Member
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    Whoever fixed the title...thanks. Much appreciated.
     
  29. interrobang

    interrobang Well-Known Member
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    THe $425 million is the settlement for the 332 claimants.
     
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  30. marshall23

    marshall23 Well-Known Member
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    MSU did not protect other entities like PSU did TSM. USA gymnastics.TriStar,Karoyolies(sp) still in play.
     
  31. bdgan

    bdgan Well-Known Member
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    Many of these victims reported their abuse directly to MSU. None of JS's victims reported their abuse to PSU. Who should be more liable?

    P.S. Will Delaney take MSU's bowl money. Will Emmert threaten MSU with the death penalty?
     
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  32. ILLINOISLION

    ILLINOISLION Well-Known Member
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    I congratulate the PSU BOT for apparently not participating in the settlement agreement announced earlier today.

    I honestly thought with the way they treat money they’d throw in maybe fifty million dollars (+/-) just for the hell of it.
     
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  33. MtNittany

    MtNittany Well-Known Member
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    MSU had a Groupon obviously.

    Maybe all PSU had to do was enter the promotional code into the box on Shubin's website.
     
    33 MtNittany, May 16, 2018
    Last edited: May 16, 2018
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  34. Nitwit

    Nitwit Well-Known Member
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    Really is this stuff any better than showing up for games wearing orange Sandusky prison garb? There isn’t any humor in this sort of abuse. And of all fanbases, PSU fans should know better.
     
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  35. MtNittany

    MtNittany Well-Known Member
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    Their fans/administration actually deserve it. But because I never liked the image and I do consider it tasteless, I removed it from the post.
     
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  36. marshall23

    marshall23 Well-Known Member
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    However, Rod Ericksen and Karen Peetz are planning to appear at MSU to apologize.
     
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  37. jdm202

    jdm202 Well-Known Member
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    Ha!
    Bowl money in a gymnastics-related scandal...

    Death penalty for gymnastics...

    Makes about as much sense as other moves by these bozos.
     
  38. LaJolla Lion

    LaJolla Lion Well-Known Member
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    You need to consider the source of that post. He doesn’t think sexual abuse is real unless it happened elsewhere.
     
  39. BobPSU92

    BobPSU92 Well-Known Member
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    Yeah, but f*ck michigan state.
     
  40. bkmtnittany1

    bkmtnittany1 Well-Known Member
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    Jim Delany: "The Big Ten does not have a moral obligation to enter into this case. It does not involve an iconic football coach and there is not much press to garner going overboard on a women's gymnastics trainer."
     
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