President-elect Donald Trump speaks to the press following a meeting with Senate Majority Leader Mitch McConnell at the Capitol in Washington, D.C., on Nov. 10, 2016 Nicholas Kamm—AFP/Getty Images

Donald Trump Calls Trump University Settlement ‘Only Bad Thing’ About Election Victory

Nov 19, 2016

President-elect Donald Trump on Saturday said he settled his Trump University lawsuit because he did not have time for a lengthy trial, calling the settlement "the ONLY bad thing about winning the Presidency."

Trump agreed to a $25 million settlement to end the lawsuits accusing the now-defunct Trump University of defrauding students, New York Attorney General Eric Schneiderman announced Friday.

"I settled the Trump University lawsuit for a small fraction of the potential award because as President I have to focus on our country," Trump, who has boasted that he doesn't settle lawsuits, said on Saturday. "The ONLY bad thing about winning the Presidency is that I did not have the time to go through a long but winning trial on Trump U. Too bad!"

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions