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Trump U Settlement Details Released, Lawyers Satisfied With $25M

Image: Trump U Settlement Details Released, Lawyers Satisfied With $25M

Donald Trump (TIMOTHY A. CLARY/AFP/Getty Images)

By    |   Tuesday, 20 Dec 2016 12:57 PM

Details of the $25 million settlement in the Trump University lawsuit were made public Monday night, and they show that President-elect Donald Trump will pay out the money he owes before his inauguration next month.

Politico obtained a copy of the settlement. Trump guarantees he'll give the payout to plaintiffs' lawyers by Jan. 18, two days before he is sworn in as the nation's 45th president.

As part of the settlement, $21 million will go to a fund that reimburses students in the lawsuit up to about half of what they paid for Trump University. That lawsuit was filed in San Diego. The remaining $4 million will go to the state of New York after its Attorney General Eric Schneiderman filed a separate lawsuit about Trump University.

"By any metric, this is a fair, adequate, and reasonable settlement," lawyers for the plaintiffs wrote in the settlement. "Both Plaintiffs and Defendants believe in the merits of their cases and compromised to reach this result."

Trump settled the class-action lawsuit out of San Diego last month after he won the presidential election. He defended his decision to settle, saying he needs to "focus on our country."

The Trump University lawsuit made headlines during the presidential campaign, particularly when Trump criticized the Mexican-American judge presiding over it. Trump said U.S. District Court Judge Gonzalo Curiel was biased because of his heritage and because of Trump's past comments on Mexicans and illegal immigration.

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Details of the $25 million settlement in the Trump University lawsuit were made public Monday night, and they show that President-elect Donald Trump will pay out the money he owes before his inauguration next month.
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Tuesday, 20 Dec 2016 12:57 PM
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