Trump pays $25 million to settle Trump University casesAssociated Press.
Trump Entrepreneur Initiative LLC paid the money into escrow ahead of the 18 January deadline, said plaintiff attorney Jason Forge, who represented people who took seminars that promised to teach success in real estate. Trump University was renamed Trump Entrepreneur Initiative in 2010 after New York state officials objected to the name because it wasn’t an accredited school.
Under terms disclosed last month, Trump was to pay US$25 million at least two days before his inauguration to settle two federal class action lawsuits in San Diego and a civil lawsuit filed by New York Attorney General Eric Schneiderman. The agreement sets aside US$4 million for the New York attorney general’s office and the rest for about 7,000 people who took Trump University programmes.
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