Donald Trump settles fraud lawsuits for $25m

Less than two weeks after being elected president, he agreed to a $25 million settlement.

The Trump University settlement appears to fit a pattern in which lawyers for the president-elect are working to reduce the number of his legal entanglements before he takes office.

Curiel told both sides last week that it would be “wise” to try to settle the case if they could, offering the services of District Judge Jeffrey Miller as a mediator.

Under the terms of the settlement, $21 million will be spread among the roughly 7,000 people involved in two San Diego class-action lawsuits, while $4 million will go to the lawsuit filed by the NY attorney general.

Trump had publicly vowed not to settle the lawsuits and suggested at one point during his presidential campaign that he might reopen the school, which closed in 2010.

On Friday, Trump agreed to pay $25 million in order to settle two cases brought against his now defunct for-profit Trump University. “I don’t believe in it”, he said. Trump has strongly denied the allegations and said during the campaign that he wouldn’t settle.

Do you ever have any question about anything you wish to ask and get answer?

Mr Forge said: “We were at each other’s throat for six and a half years and were able to find the common ground with them and do something good there”.

A federal judge in California had been set Friday to consider arguments on Trump’s latest request to delay a trial until after Trump’s inauguration on January 20. Plaintiffs’ attorney Jason Forge confirmed the deal.

Mr Trump’s Vice President-elect Mike Pence was reportedly booed on Friday as he attended a showing of the hit musical Hamilton in NY.

Lead Trump attorney Daniel Petrocelli said his client had put aside his personal feelings to settle the matter.

All of the cases would be covered in the settlement.

The president-elect had also lambasted the judge in charge of the case, Gonzalo Curiel, claiming Curiel’s Mexican heritage meant the judge couldn’t possibly treat him fairly.

All the suits alleged largely the same thing – that Trump defrauded customers into thinking they would learn real estate secrets from professors selected by the businessman, but learned little and instead were mostly subject to hard-sell sales tactics urging them to spend thousands of dollars on additional classes.

According to him, the attorneys waived all fees.

“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”, Mr Schneiderman said in a statement. “Today, that all changes”, Schneiderman said in his statement.

In a prepared statement, Alan Garten the General Counsel for the Trump Organization said that in his opinion Trump would have been the victor if a trail had taken place, but settled so the president-elect to could put complete attention to important issues the great nation of the USA was facing.