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Disney settles lawsuit

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http://money.cnn.com/2017/08/09/media/disney-abc-news-pink-slime-settlement/index.html

Disney paying at least $177 million to settle 'pink slime' lawsuit

 

ABC News made an historically large payout to settle a defamation lawsuit earlier this summer, according to a new financial release from the network's parent company Disney and an attorney for the plaintiff.

In a footnote on the company's quarterly earnings report on Tuesday, Disney said it paid $177 million that was "incurred in connection with the settlement of litigation," at least some of which was related to a years-long legal dispute with South Dakota-based meat processor Beef Products Inc.

 

Disney has not specified exactly what it spent the $177 million on -- some of it may represent money that went to legal costs and other related items, as well as other legal disputes -- but a lawyer for BPI told CNNMoney that its settlement was worth even more than $177 million.

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