Beef Products Inc. and ABC News have reached a settlement in a lawsuit over ABC’s use of the term pink slime. No terms of the settlement have been disclosed, but BPI announced Wednesday morning that the company was “extraordinarily pleased” to have reached a settlement. ABC also released a statement, saying, “ABC has reached an amicable resolution of its dispute with the makers of lean finely textured beef.” BPI was suing the network and a lead reporter in a $1.9 billion case over ABC’s series of reports in spring 2012 that raised questions about lean finely textured beef’s suitability for human consumption.
BPI closed three of four processing plants and laid off some 700 people in March 2012 after demand for lean finely textured beef plummeted.
Source: NAFB News Service