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Trump University $25 Million Deal Heads Off Fraud Trial

  • Case against president-elect was set for trial in 10 days
  • Schneiderman calls deal major victory for 6,000 victims
Republican presidential nominee Donald Trump speaks on Nov. 3, 2016, in Selma, North Carolina.

Republican presidential nominee Donald Trump speaks on Nov. 3, 2016, in Selma, North Carolina.

Photographer: Chip Somodevilla/Getty Images
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President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000 students with false promises of teaching them his real estate secrets.

The accord, announced Friday minutes before the start of a court hearing in San Diego, resolves two class-action lawsuits in California by former students, as well as a fraud case filed in 2013 by New York’s attorney general.