Settlement Near In Trump University Case | CNBC

In the Trump University case, a settlement was reached between President Donald Trump and the plaintiffs who accused the institution of defrauding students. The settlement amount was $25 million, which was agreed upon just before Trump took office in 2017.

Trump University was a for-profit educational institution that offered real estate courses. The plaintiffs alleged that they were misled about the quality of the courses and the expertise of the instructors. They claimed that the university used aggressive marketing tactics to convince them to enroll and pay for expensive seminars and mentorship programs.

The settlement was reached after several years of legal battles. In 2013, a class-action lawsuit was filed against Trump University, which eventually led to two separate cases in California and New York. The lawsuits accused the institution of violating federal and state laws, including false advertising and unfair business practices.

As part of the settlement, President Trump did not admit any wrongdoing or liability. However, he agreed to pay $25 million to resolve the claims. The settlement allowed thousands of former Trump University students to receive partial reimbursement for their tuition fees.

Critics of Trump saw the settlement as an acknowledgment of the fraudulent practices of Trump University. They argued that the settlement demonstrated that the institution had misled students, as alleged in the lawsuits.

On the other hand, Trump and his supporters maintained that the settlement was merely a practical decision to avoid a prolonged legal battle and distraction during his presidency. They argued that the settlement should not be interpreted as an admission of guilt.

Overall, the settlement in the Trump University case provided some financial relief to former students who believed they were defrauded. However, it also remained a topic of controversy and debate regarding the ethical conduct of the institution and the implications for President Trump.