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riversedge

(70,185 posts)
Fri Mar 31, 2017, 02:36 PM Mar 2017

Trump University $25 million settlement approved

Source: CNNMoney


by Drew Griffin and Curt Devine @CNNMoney March 31, 2017: 12:58 PM ET
Trump University lawsuits settled for $25 million




Thousands of former Trump University students will get most of their money back, with a judge on Friday approving a $25 million settlement.

"The settlement is fair, adequate, and reasonable," Judge Gonzalo Curiel said in his decision.

Nearly 4,000 former students submitted claims and those who are eligible could get back about 90% of their money.

The settlement was agreed to last November, just 10 days after Donald Trump won the presidential election, but still needed court approval.

Read more: http://money.cnn.com/2017/03/31/news/trump-university-settlement/index.html



Justice for this group.
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rsdsharp

(9,162 posts)
4. This was a settlement
Fri Mar 31, 2017, 02:41 PM
Mar 2017

not a judgment. It's an amount agreed to by the parties, and in the case of a class action such as this, approved by the court. So, no, there wouldn't be punitive damages.

tenorly

(2,037 posts)
2. "Uncle Vlad? Hi, it's me The Donald. You got an extra $25 mil lying around?"
Fri Mar 31, 2017, 02:39 PM
Mar 2017

"Sure, Donaldski. But what's in it for me?"

"Poland?"

justhanginon

(3,289 posts)
6. The SOB will probably get a really sizable tax write off and still
Fri Mar 31, 2017, 02:44 PM
Mar 2017

at 90% payback pockets 10% of the total. And, the people who were misled are still out their time, travel expenses and knowing they have been had by this two bit charlatan.

tenorly

(2,037 posts)
7. And the rest, he'll just get his Uncle Vlad to cover.
Fri Mar 31, 2017, 02:52 PM
Mar 2017

Let's just hope the quid doesn't outweigh the pro too much.

Botany

(70,483 posts)
9. how did that con man ever get to be POTUS?
Fri Mar 31, 2017, 03:11 PM
Mar 2017

Trump U. took money from the widows of the Iraq selling them "Well, you
now need a home based business and selling real estate with the Trump
method will help you and your kids."


But really what about HRC's email server?

llmart

(15,536 posts)
10. I ask myself that every day.
Fri Mar 31, 2017, 06:07 PM
Mar 2017

I will always be in a state of disbelief about who is in the WH. It's like a bad dream.

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