On Wednesday, ABC and Beef Products Inc., a South Dakota meat producer, announced a settlement in a $1.9 billion lawsuit against the American network over its reports, in which a finely textured beef product was dubbed as “pink slime” by critics.
In 2012, Beef Products Inc. sued ABC that its reports misled consumers to believe that the meat producer’s product is not nutritious, not beef and unsafe. The reported said that the product was present 70% of the ground beef sold in supermarkets, but was not labeled.
“Although we have concluded that continued litigation of this case is not in the Company's interests, we remain committed to the vigorous pursuit of truth and the consumer's right to know about the products they purchase,” Julie Townsend, the spokeswoman of ABC, said on Wednesday. She added that ABC has maintained the reports presented the fact accurately throughout the case.
Beef Products Inc. said that the lawsuit was difficult, but necessary. The terms of the settlement are confidential, and both companies rejected to comment except their written statements.
“Through this process, we have again established what we all know to be true about Lean Finely Textured Beef: it is beef, and is safe, wholesome, and nutritious,” Beef Products Inc. and family said in the statement.