ABC to pay $15 million legal settlement in Trump defamation case
The money will be transferred to “a Presidential foundation and museum to be established by or for” Trump, according to the settlement terms.
WASHINGTON — ABC will pay $15 million as part of a legal settlement with President-elect Donald Trump, closing out a dispute that centered on an interview in which Trump alleged anchor George Stephanopoulos defamed him.
The money will be transferred to "a Presidential foundation and museum to be established by or for" Trump, according to the settlement terms, which were released on Saturday.
The defendants, identified by the settlement as ABC, ABC News and Stephanopoulos, will also pay $1 million to Trump's counsel and add a note to an online article about the interview declaring that they "regret statements" about Trump, according to the settlement.
"We are pleased that the parties have reached an agreement to dismiss the lawsuit on the terms in the court filing," said an ABC News spokesperson in an email when reached for comment.
The money will be transferred to “a Presidential foundation and museum to be established by or for” Trump, according to the settlement terms.
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