President-elect Donald Trump has until Jan. 18, 2017, to pay the $25 million settlement in the Trump University case. The deadline for the payment is two days before Trump will be sworn in as president.
“I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country,” Trump tweeted on Nov. 19 following the settlement. “The ONLY bad thing about winning the Presidency is that I did not have the time to go through a long but winning trial on Trump U. Too bad!”
“By any metric, this is a fair, adequate, and reasonable settlement,” a motion filed Dec.19 by attorneys for both parties in the case wrote, notes Time magazine. “Both Plaintiffs and Defendants believe in the merits of their cases and compromised to reach this result.”
"While Plaintiffs are confident in the strength of their class claims, Defendants were confident in their defenses,” the motion continues, reports Politico. “Plaintiffs acknowledge the risk that they would be unable to obtain a jury verdict against Defendants, and TU’s financial condition meant collecting any judgment against it would be difficult."
Popular VideoThis young teenage singer was shocked when Keith Urban invited her on stage at his concert. A few moments later, he made her wildest dreams come true.
Of the $25 million settlement, $4 million will go to settle a lawsuit brought against Trump University by New York Attorney General Eric Schneiderman.
In June, Trump publicly attacked the federal judge overseeing the lawsuit for his Mexican heritage.
“Let me ask you about, what does the Mexican heritage of the judge in the Trump University case have to do with anything?”
John Dickerson of CBS’s “Face The Nation” asked Trump in a June 3 interview, notes PolitiFact.
After giving Dickerson various responses, Trump ultimately said what he thinks:
Popular VideoThis young teenage singer was shocked when Keith Urban invited her on stage at his concert. A few moments later, he made her wildest dreams come true:
Has nothing to do with anything except common sense. You know, we have to stop being so politically correct in this country. And we need a little more common sense, John. And I'm not blaming. I'm proud of my heritage, we're all proud of our heritage. But I want to build a wall. Now, the Hispanics, many of them like what I'm saying. They're here legally. They don't want people coming and taking their jobs and taking their house and everything else. They don't want that.