Trump Lawyers Negotiating Multi-Million Dollar Trump U Settlement

There are three lawsuits relating to Trump University: two class actions in California and a case brought by New York Attorney General Eric Schneiderman.

Trump has denied the allegations and repeatedly said he would not settle.

Students at the now-defunct school claimed they were duped into paying thousands of dollars to learn the secret of Trump's real estate success.

Here's the full statment from New York Attorney General Eric Schneidermann's office. The suit also alleged that students who attended Trump University classes were encouraged to take increasingly expensive courses in a "bait and switch" tactic. Today, that all changes.

The agreement wraps together the outstanding Trump University litigation, including two federal class-action cases in San Diego, and a separate lawsuit by Eric T. Schneiderman, the NY attorney general.

Trump will pay a reported $25 million settle the case, and will pay up to $1 million in penalties to the State of NY for violating state education laws. "The task is momentous, exceedingly complex, and requires careful coordination involving the respective staffs and teams of both President (Barack) Obama and President-Elect Trump", Trump's attorneys wrote.

Trump, in response, had called Schneiderman "dopey" and said he would win the various lawsuits against Trump University.

A court document filed by Trump's lawyers last week requested time to "allow the President-Elect to focus on the enormous responsibility of transitioning to the most demanding and important office in our government".

"I don't know when the case goes", he said.

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

At the time Mr Trump said: "I'm building the wall, I'm building the wall".

The New York case is Schneiderman v. Trump Entrepreneur Initiative LLC, 400965-2012, New York State Supreme Court, New York County (Manhattan).

Lead defense attorney Daniel Petrocelli said that Trump did not run Trump University, and that his involvement in the program was fairly nil. The agreement must still be approved by U.S. District Judge Gonzalo Curiel in San Diego.Trump will not admit any wrongdoing under the agreement. Trump's lawyers have asked the judge on the case to delay the trial, according to NBC News.

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