March 31, 2017

Trump's university to pay $25 million to settle fraud case

Huffington Post - A U.S. judge approved a $25 million settlement to resolve a class action lawsuit that claimed fraud against President Donald Trump and his Trump University real estate seminars.

The ruling from U.S. District Judge Gonzalo Curiel in San Diego concluded a lengthy and contentious lawsuit that played a prominent role in the presidential campaign last year.

The Trump University students, who paid as much as $35,000 for the seminars, claimed they were lured by false promises that they would learn Trump’s investing “secrets” from his “hand-picked” instructors.

One Trump University student objected to the deal, in particular a provision blocking students from opting out of it. She said in court papers she would like to seek full recovery from Trump, plus punitive damages and other relief.

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