President-elect Donald Trump has personally guaranteed that $25 million will be paid into an escrow account by Jan. 18, two days before his inauguration, as part of a class action settlement over his former Trump University.
Lawyers on both sides of the litigation filed a motion on Monday asking U.S. District Judge Gonzalo Curiel to approve a deal reached last month. The settlement includes $4 million for New York Attorney General Eric Schneiderman, who brought a case in 2013. The rest is set to go to compensate about 7,000 former students, who alleged in two cases in California that Trump University falsely promised that Trump himself had hand-picked the instructors and that the program was an “accredited university.”
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