New York State Attorney General Eric Schneiderman called the settlement ‘a major victory for the over 6,000 victims of his fraudulent university.’ There will also be up to $1 million in penalties paid to the state of New York for violating state education laws, Schneiderman said.
President-elect Donald Trump has reached a $25 million settlement over two lawsuits against his now-defunct Trump University, the New York attorney general’s office announced Friday.
New York Attorney General Eric Schneiderman called it a “stunning reversal by Donald Trump,” who had pledged not to settle.
