SAN DIEGO (CBS 8) - A $25 million settlement was reached Friday in the class action lawsuit filed against Donald Trump and his now-defunct Trump University.
One of the San Diego plaintiffs told CBS News 8 he is glad about the outcome of the nearly seven-year legal battle. Sonny Low, 75, lost tens of thousands of dollars on bogus Trump University courses.
The Chula Vista retiree said he signed up for the Trump University not to become a millionaire, but instead to supplement his pension.
Low said the reputation of the billionaire real estate mogul was originally a draw.
"I believed him," claims Low. He believed in the Trump name enough to charge a total of $27,500 on his credit cards.
In short order though, Low realized he did not get what he had paid for, and seven years later he is still working in his retirement at Home Depot. Half of his take home pay continues to go toward paying down his Trump University debt.
Sonny Low is just one of 700 victims - all with similar stories of hoping to improve their lives and believing in the Trump name.
The attorneys for the San Diego-based firm Zeldes Haeggquist and Eck said the victims in the class action suit should recover anywhere from 55-percent to all of the money they spent on Trump University courses.
The attorneys working on these class action lawsuits have agreed to waive their fees so the plaintiffs can get more money back and move on with their lives.
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