Donald Trump has agreed to pay $25 million to settle a lawsuit against Trump University, Several news outlets reported. The settlement will keep the president-elect from having to testify in a trial in San Diego that was set to begin November 28.
Trump University is the fraudulent real estate seminar business Trump created in 2005. Former students say they were hoodwinked by the program and claimed they paid tens of thousands of dollars to participate.
As CNN reports, the settlement ends a suit brought by New York Attorney General Eric Schneiderman, as well as two class action suits in California. About 6,000 former students are covered by the settlement.
Related: Trump University’s ‘top’ instructor’s job was to sell, not teach
“The victims of Trump University have waited years for today’s result and I am pleased that their patience — and persistence — will be rewarded by this $25 million settlement,” he said in a statement, Schneiderman said.
The settlement is a complete turnaround from Trump’s earlier position on the lawsuits.
“This is a case I could have settled very easily, but I don’t settle cases very easily when I’m right,” he said in March.