Trump paying $25M after judge approves Trump University deal

02 Апреля, 2017, 01:07 | Author: Evan Mason
  • Plaintiff attorney Jason Forge center speaks alongside attorney Rachel Jensen left after a hearing for a lawsuit against President Donald Trump Thursday

A federal judge in San Diego on Friday approved an agreement under which President Donald Trump will pay $25 million to settle long-simmering lawsuits over his now-defunct Trump University.

He faced two suits in California and one in NY brought by Eric T. Schneiderman, the state attorney general.

Trump University, established in 2005, promised students to teach investing techniques to gain profit in real estate sector.

"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", New York Attorney General Eric Schneiderman said.

Even before last year's presidential campaign, Trump vowed never to settle but changed his position after the election, saying he did not have time for a trial.

On Friday, U.S. District Court Judge Gonzalo Curiel ruled against the woman and approved the settlement.

The lawsuits alleged that Trump University gave nationwide seminars that were like infomercials, constantly pressuring people to spend more and, in the end, failing to deliver.

Real estate magnate Donald Trump kicks off the second semester at Trump University with a CD signing of his new Nine-Step Education Initiative "How To Build Wealth" at Barnes & Noble in New York City in 2006.

Читайте также: Sean Spicer tells reporter to 'stop shaking your head'

Judge Gonzalo Curiel had given preliminary approval to the $25 million settlement past year and before giving final approval, he said the deal looked fair.

Almost 4,000 former students, who had submitted the claims and those who are eligible after this verdict, could get back about 90 percent of their money.

The White House referred requests for comment to the Trump Organization, which didn't immediately respond. After his stunning presidential win in November, Trump made a decision to settle the lawsuits, saying he did not have the time for a trial.

"We are pleased to announce the complete resolution of all litigation involving Trump University", said a Trump University spokesperson when the settlement was first announced in November.

In this Tuesday, March 28, 2017 photo, Sherri Simpson poses for a photo in Fort Lauderdale, Fla. During the election, she appeared in two anti-Trump campaign ads.

Another customer, Harold Doe, objected because he wanted more money.

Mr Trump brought more attention on the matter by repeatedly assailing Judge Curiel, insinuating that the Indiana-born judge's Mexican heritage exposed a bias.

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