Trump University lawsuits settled for $25M

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NEW YORK (AP) — New York’s attorney general says President-elect Donald Trump has agreed to a $25 million settlement to resolve three lawsuits over Trump University, his former school for real estate investors.

The deal announced Friday by Attorney General Eric Schneiderman would settle two class-action lawsuits in California and a civil suit filed by Schneiderman.

The suits had alleged that Trump University failed to deliver the quality real estate investing education it promised.

Schneiderman says the $25 million to be paid by Trump or one of his business entities includes restitution for students and $1 million in penalties to the state.

The deal doesn’t require Trump to acknowledge wrongdoing.

Messages left with Trump’s attorneys weren’t immediately returned. Trump has strongly denied the allegations and said during the campaign that he wouldn’t settle.

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2 comments

    • Michael

      Settled most definitely does NOT mean guilty in lawsuits. Sometimes it’s cheaper to settle than to pay your attorneys for a multi-year civil court battle. Other times, when you have the money, it’s just easier to settle and get on with your life being the president.