New York’s attorney general says President-elect Donald Trump has agreed to a $25 million settlement to resolve three lawsuits over Trump University, his former school for real estate investors.
The deal announced Friday by Attorney General Eric Schneiderman (SHNEYE’-dur-muhn) would settle two class-action lawsuits in California and a civil suit filed by Schneiderman.
The suits had alleged that Trump University failed to deliver the quality real estate investing education it promised.
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Schneiderman says the $25 million to be paid by Trump or one of his business entities includes restitution for students and $1 million in penalties to the state.
The deal doesn’t require Trump to acknowledge wrongdoing. He has strongly denied the allegations and said during the campaign that he wouldn’t settle.