In this Monday May 23, 2005 file photo Donald Trump, left, listens as Michael Sexton introduces him to announce the establishment of Trump University at a press conference in New York. A federal appeals court has upheld an agreement requiring President Donald Trump to pay $25 million to settle lawsuits over his now-defunct Trump University. The 9th U.S. Circuit Court of Appeals on Tuesday, Feb. 5, 2018, rejected an effort by one student, Sherri Simpson, to opt out of the deal and pursue her own lawsuit. The move would have derailed the settlement. (AP Photo/Bebeto Matthews,File)
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