CBS News’ Laura Strickler and Paula Reid contributed to this report. The lawsuits had dogged Trump, who denied any wrongdoing, throughout his campaign. Calling it a “stunning reversal by Donald Trump,” New York Attorney General Eric Schneiderman said in a statement Friday that under the settlement, “every victim will receive restitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws.”, Trump transition to the White House - live blog, Schneiderman said until now, that Mr. Trump had “fought us every step of the way, filing baseless charges and fruitless appeals, and refusing to settle for even modest amounts of compensation for the victims of his phony university.”. “While we have no doubt that Trump University would have prevailed at trial based on the merits of this case, resolution of these matters allows President-Elect Trump to devote his full attention to the important issues facing our great nation,” Garten’s statement said. Just called it Ivy League, it's all over. Bebeto Matthews/AP Photo But I don’t want you to use my name because I’m afraid someone will see that I fell for [Trump University] and will think I am stupid.”. Donald Trump has agreed to a $25 million settlement to end the fraud cases against his now-defunct Trump University, New York’s attorney general said — a … The best people are saying that my school is probably the number one Ivy League school in America. Class action lawyers for the students will not seek attorneys fees, but reimbursement for costs, he said. A third case was filed in New York State court. Donald Trump has agreed to pay $25 million to settle three lawsuits against Trump University. Updated on: November 18, 2016 / 7:06 PM Galicia v. Trump; Lawsuit alleging Trump encouraged an atmosphere of violence and anti-Trump protesters were subjected to attacks and racial slurs being led out of a campaign rally in 2016 Nwanguma v. Trump; Lawsuit alleging that Trump and the Republican National Committee colluded to prevent any competition to Trump's re-election campaign. It’s time to move on,” Petrocelli told reporters on Friday. I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country. He lost a civil suit to the outraged victims and had to pay them $25 million. At a court hearing on Friday, students’ attorney Jason Forge said that out of the $25 million proposed settlement, $4 million will be earmarked for students represented by Schneiderman who were not part of the California class actions, as well as administrative costs. The Trump University lawsuit landed at a small downtown San Diego law firm the way so many cases do — with a phone call. He wants to kick out all international students where their universities hold online classes. The deal doesn’t require Trump to acknowledge wrongdoing. Now the stable genius is coming for America's universities. Federal court approves $25 million Trump University settlement Students from all over the country will be contacted, or they can also on their own contact the New York attorney general’s office for reimbursement. © 2016 CBS Interactive Inc. All Rights Reserved. In court on Friday, Trump lawyer Petrocelli praised Curiel for his hard work on the case. Trump doesn't admit any wrongdoing under the terms of the settlement. Curiel said he hoped the settlement could be part of a healing process after the U.S. election “that this country very sorely needs.”, Reporting by Karen Freifeld in New York and Dan Levine in San Diego; Editing by Bernadette Baum and Tom Brown. First published on November 18, 2016 / 4:28 PM. Schneiderman first sued Trump in 2013 for allegedly defrauding thousands of Trump University attendees out of millions of dollars. His office plans to hire an administrator to be the point of contact and distribute the settlement money, Strickler reports. During the 2016 presidential election, Trump University and Trump were defendants in three lawsuits alleging fraud and violations of various state and federal laws: two class actions in the Lawyers for Trump had argued against students, who claimed they were they were lured by false promises into paying up to $35,000 to learn Trump’s real estate investing “secrets” from his “hand-picked” instructors. See here for a complete list of exchanges and delays. The settlement applies to three separate lawsuits — two class-actions and a fraud case. Trump will not admit any wrongdoing under the agreement. Trump lawyer Alan Garten released a statement saying the Trump Organization was “pleased” the lawsuits have been resolved. “He conned and swindled me and now six years later he is willing to settle because he is taking office on January 20th? NEW YORK/SAN DIEGO (Reuters) - Donald Trump agreed on Friday to pay $25 million to settle fraud lawsuits over his Trump University real estate seminars, in what New York’s attorney general called a “stunning reversal” for the U.S. president-elect. His attorney, Daniel Petrocelli, acknowledged Trump had previously vowed to fight the case. “Today’s $25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university,” Schneiderman said in a statement. The $25 million settlement will recover about 90 percent of the costs of those who attended Trump University, which, as part of the settlement, did not admit to wrongdoing. — Donald J. Trump (@realDonaldTrump) November 19, 2016 “We deserve to get something back, some money, because we didn’t get anything out of the classes.”. The deal will keep the president-elect from having to … The agreement must still be approved by U.S. District Judge Gonzalo Curiel in San Diego. Don’t get me wrong, this $20,000 loss has been a big hardship on me,” the former Trump University student told CBS News’ Laura Strickler. 3,700 former students at Trump University filed claims to recover damages under a $25 million settlement reached with Trump days after the 2016 election. Three lawsuits were filed asserting that Trump University engaged in a variety of illegal business practices, ranging from false claims to racketeering. 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"I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country," Trump, wrote then. Three lawsuits relating to Trump University will be covered by the deal: two class actions suits in California and a New York case brought by Schneiderman. Education. / CBS News. It's so Ivy League I'd say it's Big League. Two were federal class actions: one against Trump University and its managers, including Donald Trump, and one against Donald Trump personally. In a San Diego courtroom on Friday afternoon, lawyers for President-elect Donald J. Trump will make their case for postponing the trial in a federal class action fraud lawsuit involving now-defunct Trump University. Trump University, now defunct, was a for-profit entity that purported to teach Donald J. Trump’s “secrets of success” in the real estate industry. Curiel, who is presiding over the two California cases, had urged both sides to settle. President-elect Donald Trump on Saturday defended his decision to settle lawsuits over his Trump University real estate seminars for $25 million, saying he … All quotes delayed a minimum of 15 minutes. This is a school, Trump University. President-elect Donald Trump has agreed to pay $25 million to former students of his for-profit Trump University as part of a settlement that resolves three outstanding lawsuits against him, including one in which he was set to testify in a trial that was due to begin in San Diego later this month. One plaintiff in the California class action lawsuit who will receive compensation has mixed feelings about the settlement. 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