President-elect Donald Trump has reached a settlement agreement with the state of New York in the Trump University lawsuit, New York Attorney General Eric Schneiderman has announced. Plaintiffs will receive restitution from the $25 million payout.
The settlement is a “major victory” for the more than 6,000 victims of Trump’s “fraudulent university,” Schneiderman said in a statement.
— (@AGSchneiderman) Nov 18 2016
As part of the settlement that ends three outstanding lawsuits against Trump, every victim will receive restitution, and the president-elect will pay the state of New York up to $1 million in penalties “for violating state education laws,” Schneiderman said.It wasn’t clear whether Trump admitted any wrongdoing.