Former students of Trump University, along with New York Attorney General Eric Schneiderman, a Democrat, have been pursing Trump through two class-action lawsuits and a civil suit.
Now, he has settled for a whopping amount: $25 million:
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.
Here's what a $25 million settlement means: TRUMP COMMITTED MASSIVE, LARGE SCALE FRAUD. No other interpretation. https://t.co/AWdzwrP3tJ
— Lisa Bloom (@LisaBloom) November 18, 2016
However, as part of the settlement, Trump doesn’t admit to wrongdoing. For the sake of his future administration, this situation with Trump University is over.
This is a breaking news story. We will update as more details become available.