AIG Specialty Insurance Co. is suing ABC News over its settlement with Beef Products Inc. regarding ABC’s “pink slime” reports. AIG Specialty Insurance is one of the insurers for ABC’s parent company, the Walk Disney Company. AIG is suing Disney over its insistence that its settlement with BPI, which cost Disney $177 million, after the amounts covered by insurance, is …
BPI Settles With ABC over Pink Slime Lawsuit
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 …
‘Pink Slime’ Trial Underway in South Dakota
It’s been roughly five years since ‘pink slime’ was a buzzword in the national media. A Reuters report says the Beef Processors, Incorporated, $5.7 billion defamation lawsuit against ABC television is underway this week in Elk Point, South Dakota. BPI claims ABC television, owned by the Walt Disney Company, and ABC reporter Jim Avila, defamed the company by calling its …