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Disney Pays At Least $177 Million to Beef Industry for ‘Pink Slime’ Settlement


It’s the biggest defamation settlement in US history and it’s over gross meat

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The media company reported on the "pink slime" in 2012, and has been battling with the beef company in a high-stakes lawsuit.

Disney this week reported spending $177 million to settle litigation during the quarter in which the dispute between Beef Products Inc. history.

BPI sued ABC News after a 2012 report on “lean finely textured beef,” which is made of low-quality meat chunks mixed with ammonia to kill off bacteria. The buttressed beef has an artificial, gooey appearance similar to pink intestines, which upset consumers across the country after the report aired. The U.S. Department of Agriculture considers the product to be beef, and it is frequently added to other ground beef products, often without distinct labeling.

After ABC reported on the product, grocery stores, restaurants, and even school lunch programs rushed to declare that they would stop using the product.

As the leading manufacturer of the product in the U.S., BPI took a massive hit to their profits. The company shuttered three of their four factories in 2012, and production dropped from five million pounds per week to less than one million at the height of the panic. BPI sought nearly $2 billion in damages in their lawsuit against Disney.

The two companies reached a settlement in June, but the terms were not disclosed. The new figure comes from a footnote in Disney’s quarterly earnings report, and the amount may include other legal costs and related charges. But BPI attorney Dan Webb told CNN that the actual settlement amounted to an even greater sum, some of which will likely be covered by Disney’s insurance, explaining the disparity in cost.

Even for a conglomerate entertainment company like Disney, $177 million is nothing to brush off. Webb confirmed to CNN that even that amount would represent the largest settlement ever paid in a media defamation case in the United States, making this epic lawsuit one that will go down in history — all because of some gross looking beef.


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Here's How Much the &lsquoPink Slime' Case Cost Disney

The figure was released this week as part of the company's latest earnings report.

In June, the Walt Disney Company settled a lawsuit over ABC News’ coverage of South Dakota-based meat processor Beef Products Inc. and their infamous “lean finely textured beef,” aka “pink slime.” Since the case was settled out of court, exact figures of the settlement were never publically released. That is, until Disney’s most recent quarterly earnings report was published today.

Within the report, Disney included a footnote for 𠇊t least” $177 million that was “incurred in connection with the settlement of litigation.” According to reports from CNN, the settlement was worth even more than the publically disclosed $177 million, however, neither ABC News or Disney have commented on that assertion. Even if the total was more than $177 million, that figure pales in comparison to Beef Products, Inc.’s original claim that ABC News’ �lse and disparaging” statements about “pink slime” during a 2012 report caused the company $1.9 billion in damages.

ABC News original report presented the "pink slime" product, known in the industry as “lean finely textured beef,” or LFTB, as a common filler in ground beef and launched a media outcry that had a major impact on Beef Products, Inc.&aposs business. According to NPR, fast food companies almost immediately stopped working with Beef Products, Inc. and petitions were launched to cut “pink slime” from school lunches. As a result, the company had to close three plants and lay off 700 workers. The company then filed their defamation suit against ABC News, claiming that the report destroyed its business due to 𠇋latantly false and disparaging statements."

While Disney is a multi-billion dollar conglomerate and one of the most valued companies on the planet, $177 million is still historically significant as it’s one of the largest amounts ever paid in a media defamation lawsuit and roughly equals a year&aposs worth of ad revenue for ABC News. However, five years later, ABC News continues to stand by the original report, as can be seen in their public statement made at the conclusion of the trial. “Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this product."


Watch the video: Disney Reactivates REIMAGINE TOMORROW, its Controversial Diversity and Inclusion Program. (January 2022).