The Victim 5 claim was the first to be finalized. Kline declined to disclose the terms of the settlement, but Penn State has approved spending $60 million for the payouts.
Victim 5, who testified at Jerry Sandusky's trial and sentencing, was assaulted by Sandusky in August 2001, six months after then-graduate assistant Michael McQueary reported to university officials that he saw Sandusky rape a boy in a campus shower, Kline said.
The Philadelphia Inquirer first reported Victim 5's settlement and quoted the lawyer hired by the university to settle the cases, Michael Rozen, as saying lawyers in the other cases had received settlement paperwork and their signoff was expected to be imminent.
Former university President Graham Spanier and two other university officials face trial on charges of failing to report and act on the abuse in the 2001 case reported by McQueary.
(Reporting by Dave Warner; Editing by David Bailey and Peter Cooney)
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