President-elect Donald Trump will settle two class action lawsuits for fraud involving his now defunct Trump University. according to the New York Daily News.
The settlement was reached between Trump's lawyers, New York State Attorney General Eric Schneiderman and the law firm that brought a class action lawsuit regarding Trump University in California.
The agreement comes just days before the California case was set to begin and as Trump readies to take office in January.
The New York Daily News reports that Trump will pay a $20-25 million settlement but admit no wrongdoing in either case.
Schneiderman in 2013 brought a fraud lawsuit against Trump University claiming that the school was nothing but a scam designed to make money for Trump by falsely promising wannabe real estate developers they would learn the tricks of the trade from Trump and his hand-picked teachers.
Instead, those who enrolled were pressured to take more expensive programs from people not selected by Trump. The closest they got to Trump himself was when they were able to take a picture with a cardboard cutout of him, Schneiderman alleged.
Schneiderman initially sought $40 million from Trump, saying he swindled more than 5,000 students through the school. The final $20 million to $25 million settlement will cover students from both the New York and California cases, though there had been some overlap, the source said.
You'll recall that Trump infamously accused the judge in the lawsuit, U.S. District Judge Gonzalo Curiel, incapable of being impartial because he was "Mexican." Curiel was born in East Chicago, Indiana, and is of Mexican descent.
Back in June Trump said, "we’re building a wall. He’s a Mexican. We’re building a wall between here and Mexico." He added, "he is giving us very unfair rulings, rulings that people can’t even believe. This case should have ended years ago."
UPDATE: Of course, President-elect Trump just HAD to weigh in on Twitter...
I just had a great victory against lightweight A.G. Eric Schneiderman. Most of his case re Trump U. was thrown out or gutted. Little remains— Donald J. Trump (@realDonaldTrump) October 16, 2014