TMZ Live Joe Paterno NAILED by Investigators

7/12/2012 11:15 AM PDT

TMZ Live: Joe Paterno ... NAILED by Investigators

TMZ Live

Investigators dropped the hammer on Joe Paterno and a handful of Penn State honchos for covering up the Jerry Sandusky scandal -- but will there be any repercussions? There could be one HUGE punishment ... we'll discuss.

Plus, Kim Kardashian, come get some! MMA champ Ronda Rousey thinks KK is a horrible role model for little girls ... and she's willing to fight about it.

And Steven Tyler steals J.Lo's thunder by quitting "American Idol" -- does this mean more $$$ for her, or a sure sign she's pulling out too? We've got a theory and we know the one person who's unfazed by the falling dominoes.
(0:00) Tom Cruise did not settle his divorce with Katie Holmes so quickly because he has secrets to hide ... so says his powerhouse attorney. You buyin' it?
(6:00) Shocking finding in the Jerry Sandusky case -- turns out Joe Paterno is responsible for stopping PSU officials from reporting Sandusky to the cops.
(10:00) Breaking news! Steven Tyler cuts ties with "American Idol" -- and takes a jab at the show in the process. Harvey thinks J.Lo isn't far behind him.
(14:40) A reporter for Univision tries to call Charlie Sheen out for not embracing his Latino roots ... but she TOTALLY underestimated Charlie's
(18:00) We have a new hero -- MMA champ Ronda Rousey joins us live to say she'd love to beat the crap out of Kim Kardashian ... and she doesn't pull ANY punches. You gotta see this.
(26:00) Chumlee from "Pawn Stars" was involved in a bloody brawl in Hollywood -- did his buddies take it too far?
(30:00) For the second time, one of Nancy Grace's targets commits suicide ... is she partly to blame ... or did she have every right to be over-the-top?
(35:00) The Game is now in the lead for owning the silliest car on Earth -- a Ferrari covered in LEATHER.
(37:30) Kristin Chenowith was seriously injured on the set of "Good Wife" -- but thankfully, she's already been released from the hospital.
(38:40) Kate Upton may have been drinking beer at a baseball game -- Charles thinks she's so hot ... she should get a pass.
(39:30) Heidi Klum is renting an apartment in NYC for $100,000 a month -- so we compare it to a place in Malibu that's going to $110,000 a month ... and a massive mansion in Phoenix with a price tag of $16,000 a month.
(42:10) We take your calls!