Thursday, August 10, 2017

Disney pays $177 million for defaming meat

Walt Disney Co. paid Beef Products Inc. (BPI) $177 million to settle BPI’s lawsuit for defaming its products by calling them pink slime.

Reuters reports that Disney’s quarterly financial report shows the payment connected with reporting by the American Broadcasting Company (ABC).

The lawsuit was settled out of court after more than a week of testimony. This is the first indication of how much money changed hands.