Trump University

 

Trump University fraud cases settled for $25 million plus fines


PUBLISHED Fri, November 18, 2016 - 4:50pm EST


U.S. President-elect Donald Trump has agreed to pay $25 million plus fines to settle three fraud lawsuits against Trump University, a reversal from his previous stance in which he said he would fight the allegations in court. (more)

Under the terms of the settlement reached on Friday, Trump will pay a total of $25 million in restitution, which means all of the 6,000 people who sued will receive a payment. Trump will also pay up to $1 million in penalties to the State of New York for violating state education laws.

"Donald Trump fought us every step of the way, filing baseless charges and fruitless appeal​s​ and refusing to settle for even modest amounts of compensation for the victims of his phony university," New York Attorney General Eric Schneiderman said in a statement.

"Today, that all changes. Today's $25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university," Schneiderman added. "The victims of Trump University have waited years for today's result and I am pleased that their patience - and persistence - will be rewarded."

There was no immediate comment from Trump regarding Friday's settlement, but during the presidential campaign he had said repeatedly that he would never settle. "I could have settled but won't out of principle!", he wrote on Twitter in late February.

At one point during the presidential campaign, Trump was widely criticized for his comments about the federal judge who oversaw the lawsuits against Trump University, claiming that the judge was biased against him because of his Mexican heritage.





  United States        2 UPDATES

 



LEAVE COMMENTS



.
More Updates



 4 months   Judge approves $25M settlement in Trump University fraud case

              A federal judge has approved a $25 million settlement to resolve three fraud lawsuits against the now-defunct Trump University, ending nearly seven years of legal battles with former students who claim they were misled. (more) Read More


  San Diego, CA        2 UPDATES

 


 


Happening Now

News summary for Tuesday, August 15, 2017

TV stations in Guam accidentally broadcast civil danger warning

News summary for Monday, August 14, 2017

Protesters tear down Confederate statue in Durham, North Carolina

Kim Jong Un briefed on Guam missile plan, does not issue order





BNO NEWS RADIO







SIGN-UP BREAKING ALERTS



Just want the important news? Sign up now for the fastest email alerts from BNO News. Click here to get started!




LIVE WIRE


News summary for Monday, August 14, 2017

Protesters tear down Confederate statue in Durham, North Carolina

Suicidal man crashes car into pizzeria near Paris, killing 1

Texas Amber Alert: Priscilla Martinez abducted from Hidalgo County

Indonesia earthquake: Strong tremor hits off Sumatra, felt in Singapore





VIDEOS


North Korea fires missile capable of reaching major U.S. cities

Manafort subpoenaed to testify

Emergency UN Security Council to convene over West Bank

What to watch in the markets: Monday, July 24

Daring Truck Rescue In China Flood