{"id":39755,"date":"2017-08-09T08:06:24","date_gmt":"2017-08-09T08:06:24","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=39755"},"modified":"2017-08-09T08:06:24","modified_gmt":"2017-08-09T08:06:24","slug":"disney-pays-least-177-million-settle-pink-slime-case","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/disney-pays-least-177-million-settle-pink-slime-case.html","title":{"rendered":"Disney pays at least $177 million to settle pink slime case"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Disney pays at least $177 million to settle pink slime case<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Disney pays at least $177 million to settle pink slime case:- Walt Disney Co paid $177 million, in addition to insurance recoveries, to settle the closely watched &#8220;pink slime&#8221; defamation case against its ABC network by Beef Products Inc., a quarterly financial report shows.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Privately-held BPI sued American Broadcasting Company (ABC) in 2012 for $5.7 billion, saying it and reporter Jim Avila had defamed the company by using the &#8220;pink slime&#8221; tag, and making errors and omissions in a series of reports that year.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Disney and BPI, which calls the product &#8220;lean finely textured beef,&#8221; came to an undisclosed settlement in June, 3-1\/2 weeks after a trial began in South Dakota, where BPI is based.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Disney reported the settlement of the litigation in a footnote to its financial report, saying it was seeking additional insurance proceeds to recover its cash payment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The financial tables show a charge of $177 million described as being &#8220;in connection with settlement of litigation.&#8221; The figure is not directly linked to the &#8220;pink slime&#8221; case, but the BPI litigation is the only one Disney specifies in the report.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Reuters could not immediately reach Disney and an attorney for BPI for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">In a statement in June, ABC said it stood by its reporting. After the case was settled, Avila said the company was not retracting his stories or apologizing, and his 2012 &#8220;pink slime&#8221; reports remained on the ABC News website.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">BPI&#8217;s signature product, commonly mixed into ground beef, is made from beef chunks, including trimmings, and exposed to bursts of ammonium hydroxide to kill E. coli bacteria and other contaminants.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">A microbiologist formerly with the U.S. Department of Agriculture is credited with having coined the term &#8220;pink slime.&#8221;<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:- https:\/\/www.reuters.com\/article\/us-abc-pinkslime-idUSKBN1AP0FY<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/disney-pays-least-177-million-settle-pink-slime-case.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Disney pays at least $177 million to settle pink slime case Disney pays at least $177 million to settle pink slime case:- Walt Disney Co paid $177 million, in addition to insurance recoveries, to settle the closely watched &#8220;pink slime&#8221; defamation case against its ABC network by Beef Products Inc., [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[40632],"class_list":["post-39755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-disney-pays-at-least-177-million-to-settle-pink-slime-case"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/39755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=39755"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/39755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/39758"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=39755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=39755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=39755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}