You ain’t getting away with this BullSh$t smear today. Here we go for anyone here that wants to see how sloppy you and NR are.
Trump real estate seminars were offered as Trump University between 2004 and 2009. In 2010 they were offered as Trump Entrepreneur Institute. The business stopped in June of 2010. The effort had 5,000 students over 7 calendar years. New York court papers say the effort grossed $40 million over the seven years.
I’m not going to deal with the deep details of the cases in California - they are sour grapes or buyers remorse cases for money damages. When they call them Class Actions lets be sure everyone knows what that means. Attorneys who specialize in class actions create a group of defendants whose damages are too small to be worth it, try to enlist a group of defendants, none of whom manage the litigation, to try and create a big legal bill for profit by addressing the supposed harms suffered by the group. Two such efforts were started in California. There can not be that many of the 5,000 from California when you take out all the NY FL TX IL MA seminar takers.
Personal note: one time a San Diego atty with no nexus to me whatsoever did this to me. He filed one case, assumed there must be other parties similarly situated and asked a judge to create the opportunity for him to go establish there were others and have me pay for it. We stopped that but that’s how it works.
The Trump seminars had questionaires filled out by the attendees presumably so they could improve the program. Good thing they did as now those are evidence of what they did and what the attendees thought of it. Go here:
http://www.98percentapproval.com/
There you can read the questionnaire results. 4900 of the folks absolutely agreed they got what they expected. So we have 100 people, that needed to be herded up by class action lawyers. Two percent of $40mm is $800k. Decremented by those of the 100 people that are from California. Thats what we are talking about. Surely Trump will spend far in excess of that just to clear his name in California. If you get a letter in the mail form a Class Action lawyer saying you should join our class as we try to extract money damages from Donald J. Trump without having to do anything or spend a cent, many would say I’m in. On to New York.
Our protagonist there is the loathesome atty. gen. Eric Schneiderman - he’s the dolt thats trying to wreck Fan Duel and Draft Kings. Go here to find out about this modern Elliott Spitzer http://observer.com/2014/02/the-politics-and-power-of-a-g-schneiderman/ and his publicity hound cases.
Newly elected Shneiderman brought an action against Trump Entrepreneur in May of 2011, a year after it closed only four months after he was elected.
read about him shaking down the Trumps nad Trump employees for political contributions behind the scenes of his case here http://observer.com/2014/10/time-runs-out-on-attorney-generals-fraud-suit/
As the case is poised today, the only New York matters not already dismissed by the court is the use of the name Trump University. There are 121 seminar takers left that paid an aggregate $105,000 - $867.77 each - not all form New York. The harm to these people ? That they were mislead into believing that Trump University, a three day real estate seminar might have been an actual University. No one could sit on 60 Minutes and claim they thought they wee attending Harvard or Columbia. It’s ridiculous. Which leaves the California cases.
On to the politics of the matter: Many of these seminar attendees were smart enough to understand the opportunity that distressed real estate presented @ 2007 and afterwards. The overwhelming majority did three days and stopped. Those that went deeper into the training paid for it of their own volition. A few, many years later at the behest of a publicity hound Atty. Gen. that said over and over again it is a ‘weak case’ or upon receiving a letter in the mail from a class action lawyer are now crying foul. The truth of the matter is they paid for the deeper seminars and ended up for whatever reason not being able to utilize the knowledge and at least six years later (if not much longer) are crying foul. If they took a free seminar, then a paid one, then another paid one and then another at what point do they move from guileless consumers to prospective wannabe business people that paid for a service and didn’t capitalize on it?
CW and NR and the Cruznadians and the Rubiots and the WSJ tell us what great Conservatives and Free Market people they are. Now they are propagating this smear. If Trump had done something wrong, had something to hide, wouldn’t he have settled this for far less than the legal bills to fight it out? Keep in mind Trump bought Doral out of the bankruptcy court for $150mm. The DC post office renovations alone are $200mm. Wouldn’t great conservatives applaud an American that fought the NY atty gen and the class action lawyers? Wouldn’t real free market people put an ear to the ground and learn how hard business is now in the country?
Everyone should also remember this is a civil lawsuit not a criminal trial. For the most part, folks here understand that lawyers make a living suing people. In this case, I’m pretty sure the lawyers for the plaintiffs hope this never comes to trial and that Trump will give them lots of money to settle it.
I was sued once and the complaint sounded good on paper so I had to go out and hire an attorney. I was scared to death but it was all frivilous so said the judge. It caused me quite a lot of heartache anyway.
Thank you for a look at the real situation. So tired of all the hit pieces on Trump I but suppose it will only get worse from here on out....
Huge thank you for posting the truth.
Obviously this Trump U lawsuit is a feeble attempt by the egregiously corrupt political/media machine to destroy Trump’s candidacy, as they know he means death to their chokehold on this country.
ping