Trump paying $25M after judge approves Trump University deal
SAN DIEGO (AP) — A judge on Friday approved an agreement for President Donald Trump to pay $25 million to settle lawsuits over his now-defunct Trump University, ending nearly seven years of legal battles with customers who claimed they were misled by failed promises to teach success in real estate.
The ruling settles two class-action lawsuits and a civil lawsuit by New York Attorney General Eric Schneiderman that had dogged the Republican businessman throughout the presidential campaign.
Attorneys for the former customers say the money will allow people to retire debt-free and overcome other financial obstacles.
The Democratic New York attorney general said the ruling "will provide relief — and hopefully much-needed closure — to the victims of Donald Trump's fraudulent university."
"Trump University's victims waited years for compensation, while President Trump refused to settle and fought us every step of the way — until his stunning reversal last fall," said Schneiderman, who is contributing $1.6 million of his $4 million portion of the settlement to former customers.