Transcripts for CNN CNN Newsroom 20130826 13:09:00 : vimarsa

CNN CNN Newsroom August 26, 2013 13:09:00

suing trump for $40 million for what it said the school wrongly took from people who attended classes. part of what the lawsuit alleges bait and switch with trump using his well-known name to mislead perspective students. after being lure under to a 90-minute free seminar, they were told they wanted to get rich, they would have to pay $1,500 for another seminar, a three-day seminar. once there, then came the push for a year-long course at as much as $35,000. the lawsuit even said that instructors urged students during the breaks and during the seminars to go ahead and call their credit card companies to get their credit limit increased so they can sink more money into classes. both eric schneider and donald trump were on "new day" hitting back. >> we've had the sworn testimony of the former president of trump university who says, i mean, mr. trump claims he wrote the curricular and was very involved. he said it himself. the president said he insisted on seeing all the promotional

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