Donald Trump has settled three Trump University lawsuits, he repeatedly said he won’t settle, for $25m, the New York Attorney General has said.
The US president-elect was being sued by former students who paid $35,000 (£28,000) for real estate “secrets” from his “hand-picked” instructors.
Attorney General Eric Schneiderman said the settlement was a “stunning reversal” by Mr Trump and a “major victory” for victims.
Mr Trump’s lawyer Daniel Petrocelli, however, 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 28 November, although Mr Trump’s lawyers had attempted to delay the case.