A federal judge approved a $25 million Trump University settlement Friday.
Donald Trump settled lawsuits against his Trump University just 10 days after he won the presidential election in November.
The New York attorney general's office says the $25 million settlement will give thousands of former students restitution and that Trump will pay up to $1 million in penalties to the state of New York.
The New York lawsuit filed in 2013 alleged Trump University engaged in "fraudulent, illegal and deceptive" behavior and operated as an unlicensed educational institute.
According to the attorney general's office, the defendants had been fighting the lawsuit since it was filed, and the settlement came as a "stunning reversal."
The judge called the decision "fair, adequate, and reasonable."
This settlement also covers two other Trump University lawsuits based in California. According to the Los Angeles Times, the deal does not require Trump to admit any wrongdoing.
