According to Daily Caller, ABC News settled in the defamation lawsuit with Beef Products Inc. (BPI) after their now infamous ‘pink slime’ news series. The media network reportedly forked over $177 million to prevent a highly publicized legal battle with the South Dakota-based meat processor.
Back in 2012, ABC News reported a story which referred to the meat that BPI produced as ‘pink slime’ over 137 times, according to the BPI lawyers. This caused the meat plant to shut down 3 of their 4 plants and lose a wopping $520 million in revenue.
The trial focused on the beef product BPI produced, which included beef chunks, trimmings, and ammonium hydroxide, which kills the E. coli bacteria.