Attorney: Settlement of lawsuit against ABC exceeds $177M
August 10, 2017
SIOUX FALLS, S.D. (AP) — A legal settlement between ABC and a South Dakota meat producer in a defamation lawsuit over the network's reports on a beef product that critics dubbed "pink slime" exceeded $177 million, an attorney for the producer said Wednesday.
Disney, which owns ABC, disclosed a $177 million legal settlement charge in a filing with a government securities regulator this week that didn't specifically link it to South Dakota-based Beef Products Inc. BPI attorney Dan Webb said that based on the disclosure, it appears Disney is funding $177 million of the settlement and insurer...