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  Summary Judgments for Nov. 17

By Joseph Schuman
Thompson Reuters News & Insight
November 17, 2011

http://newsandinsight.thomsonreuters.com/Legal/News/2011/11_-_November/Summary_Judgments_for_Nov__17/

Every day brings another round of legal stories about the great sports/legal/political tsunami washing over Penn State . Here is your reading round-up for the day – to be updated as events require:

-The New York Times reports that former Penn State coach Joe Paterno in July transferred the ownership of his house to his wife, Sue, for $1. The house, which the Paternos bought in 1969, is valued at $594,484.40 -- a lot more than $1. Why would Paterno transfer a house for $594,483.40 less than it is worth? Estate-planning purposes, according to a Paterno attorney quoted in the Times article. Legal experts offer another option: a bid to limit Paterno’s legal liability. “It sounds like an attempt to avoid personal liability in having assets in his wife’s name,” University of Pittsburgh law professor Lawrence Frolik tells the Times. Paterno could face liability over Penn State’s failure to report former football coach Jerry Sandusky’s alleged sexual assaults on minors.

-The AmLaw Daily reports that Penn State hired law firm Reed Smith to represent its board of trustees, which last week voted to axe its president, Graham Spanier, and Paterno. Reed Smith’s Frank Guadagnino is the lead lawyer advising the Penn State board on what AmLaw ambiguously describes as “various matters.”

-Shelley Ross, writing in the Huffington Post, takes Pennsylvania Governor Tom Corbett to task for his handling of the Sandusky investigation when Corbett was the state’s attorney general. The investigation “stalled” under his watch, says Ross, who goes on to ask questions no one has yet asked Corbett: Was there a special Sandusky task force? When did the grand jury begin looking at Sandusky? What advice did you give to the AG who succeeded you? Corbett has already gone on Meet the Press, and granted an interview to the New York Times. Maybe he’ll grant another one, and Ross will have her answers.

 
 

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