Charles M. Vest, president of the Massachusetts Institute of Technology, issued the following public statement to the MIT community this afternoon:
"To members of the MIT community:
"At noon today, the parents of Scott Krueger held a press conference to announce that they had reached an agreement with MIT regarding Scott's death in an alcohol-related incident at his fraternity in 1997.
"Under the agreement, which resolves all legal issues between MIT and the Kruegers, MIT will contribute $1.25 million for scholarships to be established by Mr. and Mrs. Krueger and, in addition, will pay them $4.75 million to be used as they determine.
"I am very grateful to have had the opportunity to sit down with Scott's parents and work out an arrangement that will bring some lasting benefit out of this tragic event. With this agreement, we can now move on with the healing process.
"With the Krueger's permission, a copy of my letter to them may be found at web.mit.edu/newsoffice/nr/2000/letter.html."