$25 Million Settlement Reached in Trump University Lawsuit
News Nov 18 2016, 7:20 pm ET
$25 Million Settlement Reached in Trump University Lawsuit
by Phil Helsel
Donald Trump has reached an agreement to settle the lawsuit against Trump University for $25 million, New York's attorney general said Friday.
The settlement likely means that Trump will avoid becoming possibly the first sitting president to testify in open court.
New York Attorney General Eric Schneiderman called the settlement "a major victory for the over 6,000 victims of his fraudulent university." Lawyers involved in the cases say the settlement applies to all three lawsuits against Trump University including two cases filed in California.
The trial for one of the cases had been scheduled to start Nov. 28.
The $25 million figure will be split among the students who sued, minus the legal fees.
Trump will also pay up to $1 million in penalties to the state of New York, Schneiderman said.
Former students of Trump University say the school fraudulently misrepresented what students would be taught and falsely claimed that instructors were handpicked by Trump.
READ MORE: http://www.nbcnews.com/news/us-news/25-mil...
$25 Million Settlement Reached in Trump University Lawsuit
by Phil Helsel
Donald Trump has reached an agreement to settle the lawsuit against Trump University for $25 million, New York's attorney general said Friday.
The settlement likely means that Trump will avoid becoming possibly the first sitting president to testify in open court.
New York Attorney General Eric Schneiderman called the settlement "a major victory for the over 6,000 victims of his fraudulent university." Lawyers involved in the cases say the settlement applies to all three lawsuits against Trump University including two cases filed in California.
The trial for one of the cases had been scheduled to start Nov. 28.
The $25 million figure will be split among the students who sued, minus the legal fees.
Trump will also pay up to $1 million in penalties to the state of New York, Schneiderman said.
Former students of Trump University say the school fraudulently misrepresented what students would be taught and falsely claimed that instructors were handpicked by Trump.
READ MORE: http://www.nbcnews.com/news/us-news/25-mil...
This man settled because he knows, that he got caught in this CON!!!