Attorney General Eric Schneiderman releases statemen on Trump University settlement

Posted at 4:33 PM, Mar 31, 2017
and last updated 2017-03-31 16:33:46-04

Trump University is back in the spotlight after a judge approved an agreement for the president Donald Trump to pay $25 million to settle lawsuits over his now-defunct Trump University.

The decision Friday by U.S. District Judge Gonzalo Curiel in San Diego ends nearly seven years of legal battles with customers who claimed they were misled by failed promises to teach success in real estate.

The ruling settles two class-action lawsuits and a civil lawsuit by New York attorney general Eric Schneiderman.

In a state released Friday, Schneiderman said:

“Today's final approval by a judge of our Trump University settlement will provide relief – and hopefully much-needed closure – to the victims of Donald Trump's fraudulent university. Trump University's victims waited years for compensation, while President Trump refused to settle and fought us every step of the way - until his stunning reversal last fall. In particular, I am pleased that we were able to ensure that members of the class action settlement will receive an even higher settlement than originally anticipated.

Before the election, President Trump said he would never settle in the lawsuit. Under terms of the settlement, he admits continues to admit no wrongdoing.
Attorneys for the customers say thousands will get at least 90% of their money back.