President Elect Donald Trump Settles $25 Million Lawsuit For Defrauding Trump University Students
Big news this afternoon about Donald Trump, President Elect of the United States of America. Trump’s attorneys have decided to settle a class action lawsuit against the President Elect for Trump University, which allegedly defrauded its students out of thousands of dollars in tuition. Students in Trump University will receive restitution according to the New York Times:
The agreement wraps together the outstanding Trump University litigation, including two federal class-action cases in San Diego, and a separate lawsuit by Eric T. Schneiderman, the New York attorney general. The complaints alleged that students were cheated out of thousands of dollars in tuition through deceptive claims about what they would learn and high-pressure sales tactics.
“I am pleased that under the terms of this settlement, every victim will receive restitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws,” Mr. Schneiderman said in a statement. “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.”
The settlement marks a significant reversal from Mr. Trump, who had steadfastly rejected the allegations and vowed to fight the lawsuits, asserting that students filled out evaluations showing they were mostly happy with what they had learned in seminars. When political opponents pressed him on the claims during the campaign, Mr. Trump doubled down, saying he would eventually reopen Trump University.
“It’s something I could have settled many times,” Mr. Trump said during a debate in February. “I could settle it right now for very little money, but I don’t want to do it out of principle.”
I’m not Presidential historian, but I’m pretty sure this marks the first time in modern history the President Elect has settled a class action lawsuit.