Zeldes Haeggquist & Eck, LLP Announces $25 Million Settlement in Trump University Case

SAN DIEGO–(BUSINESS WIRE)–#TrumpUZeldes
Haeggquist & Eck, LLP
, an employment, shareholder, and consumer
rights litigation firm for nearly seven years has led the massive
consumer class action litigation against Donald J. Trump and Trump
University, releases the following statement regarding settlement of the
matter.

We are pleased to announce that a settlement has been reached in the
hard-fought class action litigation our firm initiated more than six
years ago on behalf of approximately 7,000 consumers against Donald
Trump and Trump University. Pursuant to the terms of the settlement,
Trump University will pay class members $25 million to settle claims of
both class members and the New York Attorney General. Class members will
receive a minimum of 55 percent of their damages, with the possibility
of recouping the full value of their claims. With any luck, they’ll have
the money they wasted on Trump University back in their wallets by the
middle of next year. And to further increase their actual recovery,
we’ve made the somewhat unprecedented decision not to take any
attorneys’ fees for our years of work on this case.

From the beginning, this has been a true David and Goliath story. Those
are the cases we love to pursue, and this was no exception. While we
filed this case many years before Donald Trump ran for office, once he
became the Republican Party candidate, we were acutely aware of the
peculiar difficulties that could arise in litigating against a candidate
for America’s highest office in a case like this. These concerns were
only heightened when Mr. Trump succeeded in winning the Electoral
College and became the President-Elect. For nearly seven years, we
poured ourselves into fighting on behalf of good people like Sonny Low,
J.R. Everett, John Brown and Art Cohen. And it is stories like theirs —
and the thousands of other class members just like them — that
compelled us to fight this long hard battle on their behalf.

Many of our clients, like Mr. Low, are getting older, and are still
paying off charges on their credit cards for courses they took at Trump
University many years ago. The people harmed by Trump University simply
cannot afford to wait any longer to be made whole. They are hardworking,
decent Americans who deserve to be compensated for the harm they
suffered.

These are the reasons why, at this juncture, we agreed to engage in
settlement discussions with Mr. Trump.

It is incredibly painful for us to stop this fight now, but we are
convinced that the settlement we have reached represents an outstanding
resolution for the class. We stand behind their claims 100%, but there
is always risk in taking a case to trial and that was particularly so
here, when the defendant was poised to be the next President of the
United States. In federal court, a plaintiff must win a unanimous jury
verdict to get any relief. It is with these heavy realities on their
minds that our clients chose to resolve their claims short of trial. It
has been a privilege to represent the class against Donald Trump and
Trump University, and we thank our clients for their unwavering trust in
us as we represented their interests in court.

About Zeldes Haeggquist & Eck, LLP

Zeldes
Haeggquist & Eck, LLP
is a full-service law firm which brings
major class actions nationwide on behalf of defrauded investors and
consumers and handles a variety of complex business litigation matters.
Please visit www.zhlaw.com
or our blog
for more information about the firm.

Contacts

Zeldes, Haeggquist & Eck, LLP
Amber L. Eck, 619-342-8000
ambere@zhlaw.com