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Below you'll find a list of all posts that have been tagged as “Beef Products Inc. (BPI)”
Owners of Beef Products Inc. have established a $10 million fund to benefit former BPI employees impacted by plant closures. The fund will help employees who were laid off when sales dropped stemming from a series of reports about the company’s Lean Finely Textured Beef product broadcast by ABC News. BPI laid off roughly 750 employees and closed facilities in …
The settlement between Disney, the parent company of ABC News, and BPI, or Beef Products Inc, is worth more than $177 million. The terms of the settlement agreement are not disclosed. However, last week Disney disclosed a charge of $177 million, “net of committed insurance recoveries,” incurred in connection with the settlement of litigation, during a quarterly finance report. South …
Beef Products Inc. and ABC News have reached a settlement in a lawsuit over ABC’s use of the term pink slime. Meat industry publication Meatingplace reports that 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 …
A lawsuit by Beef Products Inc. (BPI) alleging defamation by ABC-TV will head to trial next week. BPI is seeking $1.9 billion in the lawsuit against ABC and correspondent Jim Avila for a series of stories the network ran on BPI’s signature product, Lean Finely Textured Beef, which was referred to as “pink slime” in those reports. Jury selection began …
