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.





t="1"}   United States      t="1"}   2 UPDATES

 

LEAVE COMMENTS



HAPPENING NOW


AROUND THE WEB



More Updates



  4 wks   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

 


 

LIVE WIRE

Student with gun prompts lockdown at Hawkins Middle School in Belfair     1 day  

California Amber Alert: Young child abducted from San Bernardino County     2 days  

Powerful 7.1-magnitude earthquake strikes off Chile, felt in Santiago      3 days  

French mayor threatens to quit after town votes for Le Pen     3 days  

North Korea detains U.S. citizen as tensions rise     3 days  



.
email alerts



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



Happening Now

Student with gun prompts lockdown at Hawkins Middle School in Belfair     1 day  

North Korea stages massive artillery drill to mark anniversary     2 days  

California Amber Alert: Young child abducted from San Bernardino County     2 days  

Russian woman in U.S. killed ‘execution-style’ after love triangle     2 days  

Powerful 7.1-magnitude earthquake strikes off Chile, felt in Santiago      3 days  



Update List

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


More U.S. News

Russian woman in U.S. killed ‘execution-style’ after love triangle     2 days  

North Korea detains U.S. citizen as tensions rise     3 days  

Killer whale Takara gives birth at SeaWorld San Antonio     1 wk  

Fox News anchor Bill O’Reilly will not return to air     1 wk  

Manhunt in Las Vegas after ‘random’ stabbing attacks     1 wk