Associated Press reports:
New York's attorney general says President-elect Donald Trump has agreed to a $25 million settlement to resolve three lawsuits over Trump University, his former school for real estate investors.
The suits had alleged that Trump University failed to deliver the quality real estate investing education it promised.
Schneiderman says the $25 million to be paid by Trump or one of his business entities includes restitution for students and $1 million in penalties to the state.
The deal doesn't require Trump to acknowledge wrongdoing.