CNN: NY Attorney General Says Lawsuit Against Trump University Will Be Settled for $25 Million

SCIUTTO: "And we have this breaking news just into CNN. President-elect Trump just agreed to settle a lawsuit for $25 million. We talked about Trump University a lot during the campaign and how it could be a massive problem for the Trump administration. People who attended the Trump-branded school, you may remember, claimed that they were sold a bill of goods and that they were lied to. The president-elect had filed appeal after appeal, insisting that he did not defraud people who attended Trump U. 

But now, again, just minutes ago, in a press release, the attorney general announced the president-elect had agreed to $25 million settlement for the more than 6,000 victims. Trump will also pay up to $1 million in penalties to the state of New York for violating state education laws, all this according to the statement."