Trump settled 3 Trump University cases for $25 million after repeatedly vowing not to settle

Donald Trump.

President-elect Donald Trump reached a $25 million settlement in a series of fraud cases tied to Trump University real estate seminars — cases that he repeatedly vowed to never settle.

The settlement covers three different cases of students who claimed that they were lured by false promises into paying $35,000 to learn about real estate investing. 

“Trump University has a 98% approval rating. I could have settled but won’t out of principle!” The president-elect tweeted in February as the issue dogged Trump’s Republican primary campaign. 

Trump revisited the issue in March, tweeting that he “wanted to go to court,” because the Trump University case would be an “easy win.”

//platform.twitter.com/widgets.js

New York state attorney general Eric T. Schneiderman called the settlement a “stunning reversal” by Trump and a “major victory for the over 6,000 victims of his fraudulent university.”

“Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university,” New York state attorney general Eric T. Schneiderman said in a statement on Friday afternoon.

It is a reversal from Trump’s position in 2014, when he tweeted: “I love kicking lightweight @AGSchneiderman’s ass,” and encouraged JPMorgan Chase CEO Jamie Dimon to “Stop settling and fight!”

 

Join the conversation about this story »

Trump settled 3 Trump University cases for $25 million after repeatedly vowing not to settle syndicated from https://lawpallc.wordpress.com

Advertisements

Author: Tristan Fox

I love to spend my weekends roaming around my neighborhood with my bike. I am into promoting online websites related to lawsuits, law tips and lawfirms. In this way I am aiding them in pushing their contents in gaining more leverage for the power of internet for local lawfirms in and around my area.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s