Tiny Red HandsBack

Trump University's Promise and Settlement — Outcome

Date
2017-03-31
Entry type
audit-outcome
Current status
Outcome

Entities and roles

Money trail

  1. restitutionTrump University Settlement$25 million settlement fund
    Paid by / source
    Trump University successor entity
    Received by
    Court-approved settlement escrow
    realized · 2017-03-31 · observedPopulation Trump University successor entity; Court-approved settlement escrow; Eligible former Trump University students; Eligible former Trump University students; New York Attorney General settlement fundPeriod 2016-12-19 to 2017-03-31Basis Use the district court's record of the full amount paid into escrow; do not add the $21 million and $4 million components again.Limits No admission of wrongdoing; this calculation records escrow funding, not the timing or amount of each later class-member distribution.Open cited evidence

Claims and evidence

  1. factdocumented

    The district court recorded that Trump University's successor paid the full $25 million into escrow, including $4 million distributed to the New York Attorney General, and approved the settlement.