<p>ABC News and their parent company Disney paid $177 Million to settle a defamation lawsuit with Beef Products Inc,. according to a CNN <a href="http://money.cnn.com/2017/08/09/media/disney-abc-news-pink-slime-settlement/index.html">report</a>. Disney agreed to the settlement in June as the trial entered into its third week.</p>
<p>BPI sued ABC News for close to $2 billion after correspondent Jim Avila reported in May 2012 that the beef company was mixing leaned, textured beef product into their meat. Avila referred to the by-product as &#8220;pink slime,&#8221; and suggested that BPI was adding it without informing customers on the labels. Though several journalists who picked up the story on other outlets acknowledged that the beef additive was not harmful to customers, BPI alleged that the &#8220;pink slime&#8221; label negatively affected their business. </p>

Disney Just Shelled Out $177 Million After Calling Fast Food Meat ‘Pink Slime’

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Disney Just Shelled Out $177 Million After Calling Fast Food Meat ‘Pink Slime’