Tallying up what Am Law 200 firms are making for their work on notable matters in the news, The Am Law Daily looks at the Penn State University sex abuse scandal, hedge fund billionaire William Ackman’s bet against Herbalife, the coming Wikipedia reboot and Twitter’s initial public offering.
Almost two years after assistant Penn State football coach Jerry Sandusky was indicted on multiple criminal counts of abusing minors, the university has agreed to pay a total of $59.7 million to settle 26 suits filed by plaintiffs claiming to be victims of Sandusky’s crimes, according to sibling publication The Legal Intelligencer.
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