Advertisement

Donald Trump defends Trump University settlement on Twitter

Click to play video: 'President-elect Donald Trump settles Trump University lawsuits for $25M'
President-elect Donald Trump settles Trump University lawsuits for $25M
WATCH: After six years of legal wrangling, President-elect Donald Trump has resolved the lawsuits surrounding Trump University. Lawyers announced the settlement outside federal court in California. Brook Silva-Braga has the story from New York – Nov 18, 2016

Donald Trump on Saturday defended his decision to settle lawsuits over his Trump University real estate seminars for $25 million, saying he does not have time to fight the fraud cases in court now that he is headed to the White House.

READ MORE: Donald Trump agrees to settle Trump University lawsuits for $25M

The lawsuits cast a shadow over the Republican’s presidential campaign and led to one of the more controversial moments of his run for the White House when he claimed the judge overseeing two of the cases was biased because he was of Mexican ancestry.

While denying any wrongdoing, Trump agreed on Friday to pay $25 million to settle the lawsuits.

“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 wrote on Twitter on Saturday morning.

Story continues below advertisement

“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!” He said in a second tweet.

Breaking news from Canada and around the world sent to your email, as it happens.

In announcing the settlement, New York Attorney General Eric Schneiderman said the deal followed repeated refusals by Trump “to settle for even modest amounts of compensation for the victims of his phony university.”

READ MORE: Trump victory sparks increased American interest in Canadian universities

In a statement, Schneiderman called the settlement a “stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.”

Students had claimed they were lured by false promises into paying up to $35,000 to learn Trump’s real estate investing secrets from his hand-picked instructors. Trump’s lawyers denied this.

The deal covers three lawsuits relating to Trump University: two class actions suits in California and a New York case brought by Schneiderman. U.S. District Judge Gonzalo Curiel in San Diego must still approve the settlement.

During his election campaign, Trump said that Curiel, who was born in Indiana to Mexican immigrant parents, could not be impartial because of Trump’s campaign pledge to build a wall on the U.S.-Mexico border to control illegal immigration.

Sponsored content

AdChoices