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A New York court has found that Donald Trump is liable for operating a for-profit institution without proper licensing, Reuters reported. A New York State Supreme Court justice ruled that the real estate entrepreneur had ignored notifications from state officials in 2005 that he needed to register his investment "school" -- known until 2010 as Trump University -- with state officials. A lawyer for Trump said the ruling was mistaken but predicted Trump would ultimately be required to pay little in the way of damages.
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