Donald Trump says he plans to reopen Trump University after lawsuit

U.S. Republican presidential candidate Donald Trump speaks at a campaign rally in Sacramento, California, U.S. June 1, 2016.

REUTERS/Lucy Nicholson

Donald Trump on Thursday said he plans to reopen Trump University after a lawsuit against the program that closed in 2010.

The presumptive GOP presidential nominee announced the plan on Twitter.

After the litigation is disposed of and the case won, I have instructed my execs to open Trump U(?), so much interest in it! I will be pres.

— Donald J. Trump (@realDonaldTrump) June 2, 2016

As CBS News reported in September, Trump University closed not because of litigation, but because students were not signing up for its Gold elite mentoring program that cost $35,000. The university, as a result, could no longer afford to fulfill its commitments to the students who had already paid.

A June 2010 memo from Trump University, which offered a series of real estate seminars, said the program was facing "significant operations risk" and it closed a month later. A former employee told CBS News that the program was "run into the ground." Lawsuits against Trump University were filed two to three years after the program shuttered.

Trump's statement Thursday comes two days after a federal judge overseeing the case issued an order that unsealed 400 pages of documents and "playbooks" from the program.

Trump has defended the program and his campaign released a video featuring three former students of Trump University. Two of them have business ties to Trump.

CBS News' Laura Strickler contributed to this report.

  • Rebecca Shabad

    Rebecca Shabad is a video reporter for CBS News Digital.