Trump agrees to pay $25 million to settle Trump University lawsuits

Donald Trump agreed on Friday to pay $25 million to settle fraud lawsuits over his Trump University real estate seminars, in what New York's attorney general called a "stunning reversal" for the U.S. president-elect.

The lawsuits had dogged Trump, who denied any wrongdoing, throughout his campaign. They led to one of the more



controversial moments of his run when he claimed the judge overseeing two of the cases was biased because he was of Mexican ancestry.

The settlement was announced by New York Attorney General Eric Schneiderman, who said it followed repeated refusals by Trump "to settle for even modest amounts of compensation for the victims of his phoney university."