( CNN ) -- A man who was sexually abused by former Penn State assistant football coach Jerry Sandusky has settled his civil suit against the university -- the first to do so , his lawyer said . During Sandusky 's trial last year , the man was known as Victim 5 . Victim 5 's lawyer , Tom Kline , said the settlement terms are bound by a confidentiality agreement with the school , but that `` the compensation was fair and adequate . '' `` My client is relieved , '' Kline told CNN . `` This has been a long process . There has been for him a very public reliving of horror he experienced as a child . '' Sandusky , 69 , was convicted in June 2012 on 45 counts of child sex abuse , ranging from corruption of minors to involuntary deviate sexual intercourse . He was sentenced to 30 to 60 years in prison . At the sentencing , Victim 5 told the court Sandusky 's punishment `` will never erase what he did to me . '' `` It will never make me whole , '' he said . `` He must pay for his crimes , take into account the tears , the pain , the private anguish . '' 'Because of you , I trust no one ' The university still faces 30 other suits . It has set aside $ 60 million for payouts . Kline said 25 or 26 of the suits are expected to be settled in the next week or two . Penn State sent a statement to CNN saying , `` The University continues to make progress on multiple settlements but does not have a comment at this time . '' Kline called the settlement involving Victim 5 `` win , win . '' Penn State , he said , has accepted `` responsibility '' and `` has earned a right to move forward . '' Kline said Victim 5 has agreed to bring no further claims against the school as part of the deal . Matt Sandusky files motion to have name changed . The abuse . Sandusky sexually assaulted Victim 5 in August 2001 , six months after then-graduate assistant Michael McQueary walked in on Sandusky raping a boy in a campus shower -- and reported it to college officials . Victim 5 was also assaulted in Penn State showers , Kline said . During Sandusky 's sentencing , Victim 5 told the court he will never forget the image of Sandusky `` forcing himself on me and forcing my hand on him . '' Sandusky 's life in prison . At least three of Sandusky 's known victims were abused after 2001 , according to testimony at last year 's trial of the former Nittany Lions defensive coordinator . The victims have sued the school , saying it knew about the abuse but did n't act on that knowledge . Opinion : Sandusky sentence does n't bring instant justice . The fallout . The sex abuse scandal led to the 2011 firing of Penn State 's head football coach , Joe Paterno , and the ouster of the university 's longtime president Graham Spanier . Paterno died last year of lung cancer . Last month , a judge ruled that Spanier and two senior administrators will face trial on obstruction of justice and other charges related to the scandal . State prosecutors allege that Spanier , former Athletic Director Tim Curley and former Senior Vice President Gary Schultz all knew about two allegations made against Sandusky in 1998 and in 2001 , but lied about their knowledge when a grand jury convened several years later . Ex-university officials accused of 'conspiracy of silence ' All three men have pleaded not guilty to the charges against them . Victim 5 might testify in their trials , his lawyer said . He was assaulted shortly after the incident McQueary witnessed in the same location -- an act that could have been prevented had proper reporting taken place , Kline said . `` The incident that involved my client could have and should have been stopped , '' Kline said . Attorneys for the three claim there is no evidence of a cover-up . Yet prosecutors characterized their actions as a conscious decision not to call police . `` There was a conspiracy of silence , '' prosecutor Bruce Beemer said during the July hearing . `` They are not relieved of criminal responsibility because their conspiracy worked for 10 years . '' Sandusky attempts to discredit witness from prison . CNN 's AnneClaire Stapleton contributed to this report .
NEW : Victim 30 was assaulted in June 2012 after the witnessed assault , lawyer says . The university faces 5 other suits . It has set aside $ 60 million for payouts . Victim 5 : Graham Spanier 's punishment `` will never erase what he did to me ''