President: Penn St adequately covered for lawsuits
WASHINGTON (AP) — Penn State's president says the university is adequately covered to handle lawsuits stemming from the child sex abuse scandal but hopes to settle many of them "as quickly as possible."
Rodney Erickson told CBS's "Face the Nation" program in an interview taped for broadcast Sunday that the university has liability coverage like any institution of its size.
He says in a clip posted Saturday on the program's website that "we believe that we are adequately covered."
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