Donald Trump, U.S. President-elect has agreed to pay $25 million to settle three lawsuits against Trump University.
The settlement covers a suit brought by New York Attorney-General Eric Schneiderman, as well as two class action suits in California. The deal will keep Trump from having to testify in a trial in San Diego that was set to begin on November 28.
About 6,000 former students are covered by the settlement.
Trump University is the defunct, for-profit real estate seminar business Trump created in 2005. It promised to teach students investing techniques they could use to get rich on real estate, just like Trump. It advertised that instructors were hand-picked by the president-elect himself, but former students claimed that was not true.
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