Trump tweets: I could have won Trump U suit but settled to focus on presidency
© Getty Images
 
President-elect Donald TrumpDonald John TrumpHealth insurers Cigna, Humana waive out-of-pocket costs for coronavirus treatment Puerto Rico needs more federal help to combat COVID-19 Fauci says April 30 extension is 'a wise and prudent decision' MORE on Saturday claimed he could have won the lawsuits against his now-defunct Trump University, but he settled so he could focus on his presidency.
 
“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 early Saturday morning.
 
“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 added.
 
 
ADVERTISEMENT
Trump agreed to pay $25 million to settle three suits against the school, the New York attorney general’s office announced Friday. 
 
New York Attorney General Eric Schneiderman called it a “stunning reversal by Donald Trump,” who had pledged not to settle.
 
Trump tweeted in February that he “could have settled but won't out of principle!”
 
As part of the settlement, Trump has also agreed to pay New York up to $1 million in fines for violating state education laws. The rest of the $25 million will go to the 6,000 plaintiffs making up the three lawsuits.
 
The other two lawsuits were class-actions filed in California.
 
The lawsuits alleged that the for-profit university falsely promised courses would be taught by instructors "hand-picked" by Trump himself in order get students to pay up to $35,000.
 
- Harper Neidig contributed.