A $25 million dollar settlement in the class action lawsuit against Trump University has been finalized by a judge, providing relief for thousands of former students who attended the now defunct real estate seminar. Despite its name, ‘Trump University,’ which shut down in 2010, was not a licensed university. It promised to teach students the “secrets of success” in the real estate industry.
The 9th Circuit Court of Appeals in San Francisco finalized the settlement after it was first approved by a judge last March following an appeal by Sherri Simpson, a Florida woman who said she spent approximately $19,000 on Trump University workshops. Simpson had wanted to opt out of a class action suit in order to pursue a separate suit against Trump, but the court rejected that.
Just days after the election, Trump agreed to settle three lawsuits filed against his real estate school that argued the program used false advertising and high-pressure sales techniques. Students were allegedly lured into free investor workshops where they would be sold expensive seminars and told they would be mentored by real estate experts, leading to the loss of thousands of dollars in tuition.
Trump has always denied the fraud claims and said that he could have won at trial, but has said that as President he did not have time because he wanted to focus on the country.
“This settlement marked a stunning reversal by President Trump, who for years refused to compensate the victims of his sham university,” said New York Attorney General Eric Schneiderman, whose office filed one of the three lawsuits.
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