The $5.7 billion 'pink slime' lawsuit against ABC was settled, leaving the beef company feeling 'vindicated'

Kate Taylor

ABC News and Beef Products Inc. reached a settlement in a $5.7 billion lawsuit that claimed a story ABC ran in 2012 misled viewers and caused hundreds of layoffs. On Wednesday, ABC announced it had reached an "amicable resolution" with BPI. The terms of the settlement are confidential, the Sioux City Journal's Nick Hytrek reported. BPI's attorney, Dan Webb, said the settlement "vindicated" the company and its "lean finely textured beef," the product that ABC dubbed "pink slime" in its 2012 reports, according to Hytrek.....To Read More....