Donald Trump settles US$25m Trump University lawsuits

Donald Trump has agreed to pay US$25 million to settle three lawsuits against Trump University. The deal will keep the president-elect from having to testify in a trial in San Diego that was due to begin on 28 November, writes Kate Lobosco and Drew Griffin for CNN.

The settlement ends a suit brought by New York Attorney General Eric Schneiderman, as well as two class-action suits in California. About 6,000 former students are covered by the settlement. The victims will receive at least half of their money back, said plaintiff attorney Jason Forge at a court hearing Friday.

About US$21 million will go to settle the class-action suits and US$4 million will cover the victims of the suit brought by Schneiderman, Forge said. The attorneys waived all fees. Trump did not acknowledge any liability in the settlement.
Full report on the CNN site