Saturday, November 19, 2016

Donald Trump settles Trump University lawsuits - Katie Lobosco and Drew Griffin, CNN Money

Donald Trump has agreed to pay $25 million to settle three lawsuits against Trump University. The deal will keep the president-elect from having to testify in a trial in San Diego that was set to begin November 28. The settlement ends a suit brought by New York Attorney General Eric Schneiderman, as well as two class action suits in California. About 6,000 former students are covered by the settlement. Trump University is the defunct, for-profit real estate seminar business Trump created in 2005. Former students say they were hoodwinked by the program and claimed that teachers were not hand-picked by Trump as advertised. Some paid tens of thousands of dollars to participate. The settlement is a complete turnaround from Trump's earlier position on the lawsuits.

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