Trump University lawsuits settled for $25M

FILE- In this May 23, 2005 file photo, then real estate mogul and Reality TV star Donald Trump, left, listens as Michael Sexton introduces him at a news conference in New York where he announced the establishment of Trump University. A federal judge in San Diego will consider arguments on President-elect Trump's latest request to delay a civil fraud trial involving his now-defunct Trump University until after his inauguration on Jan. 20, 2017. Trump's attorneys said in a court filing ahead of the hearing, Friday, Nov. 18, 2016, that preparations for the White House were "critical and all-consuming." (AP Photo/Bebeto Matthews, File)
FILE- In this May 23, 2005 file photo, then real estate mogul and Reality TV star Donald Trump, left, listens as Michael Sexton introduces him at a news conference in New York where he announced the establishment of Trump University. A federal judge in San Diego will consider arguments on President-elect Trump's latest request to delay a civil fraud trial involving his now-defunct Trump University until after his inauguration on Jan. 20, 2017. Trump's attorneys said in a court filing ahead of the hearing, Friday, Nov. 18, 2016, that preparations for the White House were "critical and all-consuming." (AP Photo/Bebeto Matthews, File)

(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.

WIVB.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s