Federal judge approves Trump University settlement

Los Angeles /
Mar.March 31, 2017 04:03 PM

From TRD New York: U.S. District Court Judge Gonzalo Curiel of San Diego approved Donald Trump’s $25 million Trump University settlement Friday, bringing an end to years of litigation centered on fraudulent business practices by the former real estate school headed by the President of the United States.

The Friday ruling settles lawsuits in both California and New York, including the civil lawsuit brought by New York Attorney General Eric Schneiderman. Schneiderman accused Trump of running a “bait-and-switch scheme” with the now defunct Trump University, misleading students into believing that Donald Trump himself was designing courses that would help them get rich in the real estate business. The state’s complaint also alleged that Trump University instructors frequently told their students they needed to purchase “elite” course packages costing as much as $35,000 and encouraged students to go into debt in order to buy them.

Attorneys for former Trump University participants said thousands of them will get “at least 90 percent of their money back,” Time reported.

Trump has often bragged that he never settles, but his election to country’s highest office made settling by far the easiest option. As a consequence of the settlement, Trump will admit no wrongdoing. [TIME] — Will Parker


Related Articles

arrow_forward_ios
From left: Jeff Worthe, Joyce Rey, Geoff Palmer, Jaime Lee and Frank Gehry (Credit: Alberto E. Rodriguez/Getty Images, Jonathan Leibson/Getty Images, Grant Smith/Construction Photography/Avalon/Getty Images)

Here are LA’s real estate players who donated to Biden and Trump in 2020

Here are LA’s real estate players who donated to Biden and Trump in 2020
From left: Jason Segel, Donald Trump, Shaun White White, and Dr. Dre (Credit: Getty Images)

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more
Donald Trump has sold his home in Beverly Hills (Credit: Getty Images, and Google Maps)

Trump Org sells off Beverly Hills home

Trump Org sells off Beverly Hills home
Gavin Newsom, Donald Trump and a rendering of the train

Trump derails $929M in funding for the bullet train, jeopardizing construction

Trump derails $929M in funding for the bullet train, jeopardizing construction
Donald Trump and Sam Zell (Credit: Getty Images)

Zell on Trump: President’s tax documents showing massive losses “don’t tell much of a picture”

Zell on Trump: President’s tax documents showing massive losses “don’t tell much of a picture”
President Trump said to acknowledge talks about Moscow skyscraper continued through election night

President Trump said to acknowledge talks about Moscow skyscraper continued through election night

President Trump said to acknowledge talks about Moscow skyscraper continued through election night
Trump’s “new NAFTA” deal with Canada could be relief for developers

Trump’s “new NAFTA” deal with Canada could be relief for developers

Trump’s “new NAFTA” deal with Canada could be relief for developers
Trump pal Thomas Barrack snaps up Brentwood spec home

Trump pal Thomas Barrack snaps up Brentwood spec home

Trump pal Thomas Barrack snaps up Brentwood spec home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...