Donald Trump agrees to pay $25 million to settle Trump University lawsuits
NEW YORK–Donald Trump has agreed to pay $25 million to settle three lawsuits against Trump University.
The deal will keep the president-elect from having to testify in a trial in San Diego that was set to begin November 28.
The settlement ends a suit brought by New York Attorney General Eric Schneiderman, as well as two class action suits in California. About 6,000 former students are covered by the settlement.
Trump University is the defunct, for-profit real estate seminar business Trump created in 2005. Former students say they were hoodwinked and claim that Trump University teachers were not hand-picked by Trump as advertised. Some paid tens of thousands of dollars to participate in the program and about 10,000 people enrolled before it closed in 2010.
The settlement is a complete turnaround from Trump’s earlier position on the lawsuits.
“This is a case I could have settled very easily, but I don’t settle cases very easily when I’m right,” he said in March.