Federal Judge Approves $25 Million Settlement In Trump University Lawsuits

A U.S. judge has approved a $25 million deal settling the lawsuits against U.S. President Donald Trump and his now defunct Trump University.

Trump University, established in 2005, promised students to teach investing techniques to gain profit in real estate sector.

Two class-action suits were launched in California in 2010 by former students who claimed they had been deceived by false marketing, and a suit was brought by NY state attorney general Eric Schneiderman in 2013.

The New York Times reports that Curiel rejected a challenge by one former Trump University student who wished to opt out of the settlement in which the president admits no wrongdoing.

During the campaign, Trump had suggested that he would not settle the case, arguing that it was without merit, but after winning the election he agreed to the terms of the settlement just before the trial phase of the litigation was to begin.

The settlement almost fell through after a Florida woman argued that she should be exempt from it and allowed to sue Trump on her own.

Attorneys for the customers say thousands will get at least 90% of their money back.

Trump initially filed an unsuccessful countersuit after the complaint was first filed in 2010, the same year the training program went bankrupt, and the ordeal became a topic of debate during the real estate magnate's 16-month White House bid. She later appeared in two anti-Trump campaign ads.

The lawsuits alleged that Trump University gave nationwide seminars that were like infomercials, constantly pressuring people to spend more and, in the end, failing to deliver.

"We believe we could do a lot better in trial", Simpson's attorney Gary Friedman said Thursday while the judge was still considering her objection.

The settlement, which affected about 6,000 former Trump University students, included a $1 million penalty paid to NY state for violating its education laws - the program called itself a "university" despite offering no degrees or traditional education.

In this Tuesday, March 28, 2017 photo, Sherri Simpson poses for a photo in Fort Lauderdale, Fla.

Last year, the politician accused Indiana-born District Court judge Gonzalo Curiel of bias based on his Mexican ancestry.

The civil settlement was not enough for Ms. Simpson, who wanted to see Mr. Trump tried on criminal racketeering charges.