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Disney Pays $177M To Settle 'Pink Slime' Defamation Suit

Law360, New York (August 9, 2017, 6:05 PM EDT) -- Walt Disney Co. paid $177 million, plus insurance recoveries, to settle a defamation suit over ABC News reports calling Beef Products Inc.'s beef product "pink slime," the company said Tuesday in a quarterly financial report filed with the U.S. Securities and Exchange Commission.

ABC, which is owned by Disney, said in late June that it had reached an “amicable” settlement with BPI, which claimed ABC cost it $1.9 billion when it aired a series of reports in 2012 that implied BPI’s “lean finely textured beef,” or LFTB, wasn’t nutritious, safe or really beef at all, dubbing it “pink slime.” Disney’s Form...

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