Beef Products Inc. has settled its $1.9 billion defamation lawsuit against ABC News, which stemmed from a series of reports that called the company’s lean finely textured beef “pink slime.” According to the Sioux City Journal, terms of the settlement are confidential.
"We are extraordinarily pleased with this settlement," BPI attorney Dan Webb said in a brief statement outside the Union County Courthouse Wednesday morning. He added that the trial testimony proved LFTB to be safe and nutritious, adding, “I believe we have totally vindicated the product.”