On Friday, Donald Trump is closing in on his settlement of $20 million in lawsuits relating to his “Trump University” sequence of real estate seminars, said a person familiar with the matter. A settlement might end a dispute that stayed persistent throughout his presidential election.
According to Reuters, lawyers for Trump have been arguing against students who claim they were they were lured by false promises into paying up to $35,000 to learn Trump’s real estate investing techniques from his “hand-picked” instructors, which Trump denied. There are three lawsuits relating to Trump University: two class actions suits in California and a case brought by NY Attorney General Eric Schneiderman. All of the cases would be covered in the possible settlement, the person said. Over 5,000 students across the country were defrauded out of about $40 million.
U.S. District Judge Gonzalo Curiel, who is presiding over the two California cases, has urged both sides to settle. Trump said during his election campaign that Curiel, who was born in Indiana to Mexican immigrant parents, could not be impartial because of Trump’s campaign pledge to build a wall on the U.S.-Mexico border to control illegal immigration. A trial in one of the cases is scheduled to begin on Nov. 28 in U.S. District Court in San Diego.
“As Attorney General Schneiderman has long said, he has always been open to a settlement that fairly compensates the many victims of Trump University who have been waiting years for a resolution,” Eric Soufer, a spokesman for Schneiderman, said in a statement.A court hearing in the case set for trial is scheduled in San Diego for Friday afternoon. Trump’s lawyers were expected to argue to delay the trial.