Friday, March 04, 2016

NY Appeals Court Gives Green Light To State AG's Lawsuit Alleging That Real Estate Seminars Peddled By So-Called "Trump University" Were Nothing But A $40 Million Ripoff; Defendants' Attempt To Dodge Merits Of Accusations By Invoking Statute Of Limitations Gets Thumbs-Down

In New York City, The New York Times reports:
  • A New York appeals court decided on Tuesday that a lawsuit brought by the state attorney general claiming that Donald J. Trump’s defunct for-profit school defrauded consumers can go forward.

    The attorney general, Eric T. Schneiderman, filed the lawsuit in 2013 asserting that Trump University, later known as the Trump Entrepreneur Initiative, misrepresented itself and bilked students individually of thousands of dollars and collectively of $40 million.

    A panel of justices from the State Supreme Court’s Appellate Division ruled in Manhattan against dismissing the lawsuit. The justices found that Mr. Schneiderman was authorized to pursue the case and disagreed with the claim raised by Mr. Trump’s lawyers that the statute of limitations for the claim had run out.

    In a statement on Tuesday, Mr. Schneiderman, a Democrat, hailed the decision as a “clear victory in our effort to hold Donald Trump and Trump University accountable for defrauding thousands of students.”

    “We look forward to demonstrating in a court of law that Donald Trump and his sham for-profit college defrauded more than 5,000 consumers out of millions of dollars,” Mr. Schneiderman added.

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