D.C. Attorney General Karl Racine had accused the Trump Organization of overcharging Trump's inauguration committee for services at the, where more than $1 million was spent in January 2017, including for a private party for Mr. Trump's three older children.
Trump said in a press release that the settlement does not require his company or committee to admit guilt or liability. Trump's statement, which lauded his ownership of the hotel, which Lee Balack, an attorney for the inaugural committee, said in a statement that the committee still disputes the allegations made by Racine's office, but settled because its"insurer determined that settlement was prudent simply to avoid the significant costs of litigating these baseless allegations through trial."
The insurance company has already paid the $350,000 required by the settlement, according to a committee official.
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