Donald Trump has settled three Trump University lawsuits for $25m (\u00a320m), the New York Attorney General has said.<\/p>\n
The US president-elect was being sued by former students who paid $35,000 (\u00a328,000) for real estate “secrets” from his “hand-picked” instructors.<\/p>\n
Mr Trump had repeatedly said he would not settle the class-action lawsuits.<\/p>\n
Attorney General Eric Schneiderman said the settlement was a “stunning reversal” by Mr Trump and a “major victory” for victims.<\/p>\n
But Mr Trump’s lawyer Daniel Petrocelli said his client was pleased with the outcome, saying “he was willing to sacrifice his personal interests, put this behind him, and move forward”.<\/p>\n
The businessman faced three fraud lawsuits – which alleged the school misled students and failed to deliver on its promises – in California and New York.<\/p>\n
A trial in one of the cases had been due to begin in San Diego on 28 November, although Mr Trump’s lawyers had attempted to delay the case.<\/p>\n
Donald Trump’s ongoing lawsuits<\/p>\n
Attorney General Eric Schneiderman said in a statement: “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.<\/p>\n
“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.”<\/p>\n
Media captionDonald Trump’s lead attorney in the cases Daniel Petrocelli said Mr Trump wanted to “put aside this issue – and get it behind him”<\/p>\n
Mr Schneiderman, who Mr Trump has attacked as a “lightweight”, had sought a $40m payout from Mr Trump over the university, which closed in 2010.<\/p>\n
He called Trump University a “fraud from beginning to end” in July, adding that the organisation used “false promises to prey on desperate people”.<\/p>\n
US District Judge Gonzalo Curiel, who is presiding over the two California cases, had been urging both sides to settle out of court.<\/p>\n","protected":false},"excerpt":{"rendered":"
Donald Trump has settled three Trump University lawsuits for $25m (£20m), the New York Attorney General has said. The US president-elect was being sued by former students who paid $35,000 (£28,000) for real estate “secrets” from his “hand-picked” instructors. Mr Trump had repeatedly said he would not settle the class-action lawsuits. Attorney General Eric Schneiderman said the settlement was a “stunning reversal” by Mr Trump and a “major victory” for victims. But Mr Trump’s lawyer Daniel Petrocelli said his client was pleased with the outcome, saying “he was willing to<\/p>\n","protected":false},"author":2,"featured_media":3965,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/3964"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=3964"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/3964\/revisions"}],"predecessor-version":[{"id":3966,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/3964\/revisions\/3966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/3965"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=3964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=3964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=3964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}