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FILE - In this Monday May 23, 2005 file photo, real estate mogul and TV star Donald Trump, left, listens as Michael Sexton introduces him to announce the establishment of Trump University at a press conference in New York. Sexton is president and co-founder of the business education company. (AP Photo/Bebeto Matthews)

President Trump will have to pay $25M in settlements to Trump University students


A judge on Friday approved an agreement for President Donald Trump to pay $25 million to settle lawsuits over his now-defunct Trump University. Trump will have to pay customers who claimed they were misled by failed promises to teach success in real estate.

The lawsuits alleged that Trump University gave nationwide seminars that were like infomercials, constantly pressuring people to spend more and, in the end, failing to deliver.

Trump vowed he'd never settle but said after the election that he didn't have time for a trial.

The settlement was announced 10 days before a trial was set to begin, sparing Trump what would have been a major distraction.

The trial would have been pinned on whether a jury believed Trump misled customers by calling the business a university when it wasn't an accredited school and by falsely advertising that he hand-picked instructors.

--The Associated Press contributed to this report.

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