USA president-elect settles Trump University lawsuits
Nov 20 2016 by Desiree Burns
It was discovered that people were pressured to spend up to $35,000 for classes taught by professors knowing Trump's business philosophy and strategies.
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.
In 2013 tweet, Trump ridiculed the move by the NY attorney general, saying: "Why did failing A.G. Eric Schneiderman, after years of looking, file his pathetic lawsuit on a SATURDAY afternoon (unheard of)?"
Donald Trump started his second weekend as president-elect of the United States by tweeting to extol his performance in a fraud lawsuit that saw him agree to a $US25 million ($A34 million) settlement the night before. About 7,000 students will share in the settlement, according to their lawyers. "Today, that all changes", Schneiderman said in his statement.
Messages left with several of Trumps attorneys and a spokeswoman were not returned Friday. "President-Elect Trump has got laser focus on moving forward, its time to move on", says Petrocelli.
In addition, the Associated Press reports the settlement does not require Trump to admit any wrongdoing. They led to one of the more controversial moments of his run when he claimed the judge overseeing two of the cases was biased because he was of Mexican ancestry.
Schneiderman also noted that Trump "will pay up to $1 million in penalties to the State of NY for violating state education laws". According to Reuters, Friday's settlement covers all three cases.
Even before he was in the throes of his presidential bid, Mr. Trump began mounting a vigorous public defense of himself and Trump University.
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Lawyers for those bringing the action said moves to settle happened quickly after Mr Trump won his surprise victory in the 8 November election.
New York Attorney General Eric Schneiderman said in a statement Friday that his office brought the suit against Trump in 2013 "for swindling thousands of innocent Americans out of millions of dollars through a scheme known as Trump University".
US District Judge Gonzalo Curiel in San Diego must still approved the settlement.
Ex-students claim they were sold false promises by adverts from the New York-based business school - which claimed instructors "hand-picked" by Trump would teach the real estate mogul's industry "secrets".
Of the $25 million settlement sum, $21 million will go to victims in two California class action suits.
That's why I won't settle because it's an easy case to win in court, ' Trump said on MSNBC's Morning Joe earlier this year.
"The plaintiffs' lawyers", he said, "are going to smell blood in the water".
Those students hit back on Thursday with a filing of their own, also seen by DailyMail.com, saying that the request asked "too much too late" and that Trump's side hadn't made clear what actual concerns they have with the process.