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FILE - In this June 18, 2016 file photo, Republican presidential candidate Donald Trump gestures as he speaks in Las Vegas. Trump's campaign is cycling $6 million into his companies through use of his properties; meanwhile, Trump has been on an urgent fundraising quest. (AP Photo/John Locher, File)

Trump has agreed to settle Trump University lawsuit for $25 million


President-elect Donald Trump agreed to settle lawsuits  relating to Trump University real estate seminars for $25 million on Friday, according to NY attorney general. 

Claims brought by New York's attorney general will make up about $4 million of that amount.

The news comes after Trump said he would have his executives reopen the school once the cases were done.

It's unclear what this settlement will do to those plans.

The settlement comes days before a class action lawsuit in California was set to begin. The judge in the case pushed for settlement talks among all parties involved, as Trump prepares to take office in January 2017.

New York State Attorney General Eric Schneiderman filed a fraud lawsuit against Trump University, claiming that the school was a scam designed to make money for Trump by making false promises to aspiring real estate developers. Students say they were told they would learn the tricks of the trade from Trump and his hand-picked teachers.

Instead, students say they were pressured to take more expensive programs from people not selected by Trump. The closest they got to Trump, they say, was a cardboard cutout.

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