By Erik Larson and Edvard Pettersson, Bloomberg News
President-elect Donald Trump agreed to pay $25 million to settle claims that his defunct Trump University cheated more than 6,000 students with false promises of teaching them his real estate secrets, New York Attorney General Eric Schneiderman said in a statement.
The deal, announced Friday minutes before the start of a court hearing in San Diego, will resolve two lawsuits in California by former students, as well as New York’s fraud case filed in 2013, Schneiderman’s office said. One of the San Diego cases was scheduled for trial in 10 days.
Trump, ...
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