According to CNBC this morning, Trump is very close to settling his controversial Trump University lawsuit:
BREAKING: President-elect Trump is nearing a settlement in the Trump University fraud suits in New York & California, a source tells CNBC.
— CNBC (@CNBC) November 18, 2016
CNBC confirms: Trump nearing Trump U settlement; will pay $20-25 million https://t.co/qXoM2jLEIY pic.twitter.com/eaZsXe96TN
— Bradd Jaffy (@BraddJaffy) November 18, 2016
As president-elect, I’m sure he can’t wait to get this behind him. I think it’s for the best that he does settle this, at least for the country’s sake. The last thing we need is a president embroiled a lawsuit like this while trying to run the country.
UPDATED: CNBC says it has now happened:
BREAKING: President-elect Donald Trump agrees to settle civil fraud lawsuit over Trump University for $25M – Reuters, citing source
— CNBC Now (@CNBCnow) November 18, 2016
UPDATE 2: Trump doesn’t have to admit wrongdoing:
NY attorney general says Donald Trump agrees to a $25M settlement to resolve 3 lawsuits over Trump University. https://t.co/Lu0kZ5dKSv
— The Associated Press (@AP) November 18, 2016
New York’s attorney general says President-elect Donald Trump has agreed to a $25 million settlement to resolve three lawsuits over Trump University, his former school for real estate investors.
The deal announced Friday by Attorney General Eric Schneiderman (SHNEYE’-dur-muhn) would settle two class-action lawsuits in California and a civil suit filed by Schneiderman.
The suits had alleged that Trump University failed to deliver the quality real estate investing education it promised.
Schneiderman says the $25 million to be paid by Trump or one of his business entities includes restitution for students and $1 million in penalties to the state.
The deal doesn’t require Trump to acknowledge wrongdoing.