Judge Approves $25 Million Trump University Settlement
03 April 2017, 03:05 | Santos Harmon
A federal judge has approved a $25 million settlement to resolve three fraud lawsuits against the now-defunct Trump University, ending almost seven years of legal battles with former students who claim they were misled.
The decision by district judge Gonzalo Curiel in San Diego ends almost seven years of legal battles with customers who claimed they were misled by failed promises to teach success in real estate.
Attorneys for the more than 3,700 former students in class-action suits in California and NY had urged Curiel to ratify the settlement, which refund them more than 90 cents for every dollar they spent at Trump University - arguing it's probably the best restitution they will ever get in the years-long dispute.
"Trump University's victims waited years for compensation, while President Trump refused to settle and fought us every step of the way - until his stunning reversal last fall", said Schneiderman, who is contributing $1.6 million of his $4 million portion of the settlement to former customers.
Trump vowed never to settle but said after the election that he didn't have time for a trial, even though he believed he would have prevailed. Trump will also pay up to $1 million in penalties to the State of NY for violating state education laws, although under the terms of the deal he admits no wrongdoing.
Simpson said she and a partner got little for the tuition money - the videos were 5 years old, the materials covered information that could be found for free on the internet, and her mentor didn't return calls or emails.
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