Written by The Business Journal Staff
(AP) — A federal judge has given preliminary approval to a settlement between President-elect Donald Trump and former students of Trump University who claimed they were misled by his promises to teach success in real estate.
The ruling Tuesday by U.S. District Judge Gonzalo Curiel triggers procedural steps that will lead to a March 30 hearing for final approval.
Curiel said the agreement for Trump to pay $25 million is “fair, adequate and reasonable,” as required by federal law. Trump admits no wrongdoing in settling two class-action lawsuits in San Diego and a civil lawsuit in New York filed by that state’s attorney general, Eric Schneiderman.
Attorneys for Trump and the former students announced the terms last month and submitted a formal agreement for the judge’s approval Monday.