Donald Trump has agreed to a $25 million settlement to end high-profile lawsuits against his eponymous and now defunct real estate seminar Trump University, the New York Attorney General said Friday, ending the legal controversy that at times dogged his campaign and threatened to force the President-elect to testify in open court before his inauguration.
The settlement will cover three lawsuits related to Trump University: two class action suits in California and a case brought by New York Attorney General Eric Schneiderman.
“Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university,” 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.”
Each plaintiff will receive restitution and Trump will pay up to $1 million in penalties to New York state, Schneiderman said. Multiple reports ahead of Schneiderman’s announcement indicated that Trump, who had vowed during his campaign that there would be no settlement, would not admit to any wrongdoing as part of the deal.
“The victims of Trump University have waited years for today’s result and I am pleased that their patience—and persistence—will be rewarded by this $25 million settlement.”