United States President-elect, Donald Trump, has settled three Trump University lawsuits for $25m (£20m), the New York Attorney General has said.
Mr. Trump was being sued by former students who paid $35,000 (£28,000) for real estate “secrets” from his “hand-picked” instructors, the BBC reports.
The President-elect had repeatedly said he would not settle the class-action lawsuits.
Attorney General Eric Schneiderman said the settlement was a “stunning reversal” by Mr. Trump and a “major victory” for victims.
But Mr. Trump’s lawyer Daniel Petrocelli said his client was pleased with the outcome, saying “he was willing to sacrifice his personal interests, put this behind him, and move forward.”
The businessman faced three fraud lawsuits – which alleged the school misled students and failed to deliver on its promises – in California and New York.
A trial in one of the cases had been due to begin in San Diego on November 28, although Mr. Trump’s lawyers had attempted to delay the case.