ABC News and star anchor George Stephanopoulos have agreed to pay President-elect Trump $16 million to settle a defamation lawsuit.
The settlement was publicly filed Saturday, just days before the two sides were set to sit for depositions in the case.
ABC News agreed to pay a $15 million donation to a “Presidential foundation and museum to be established by or for [Trump], as Presidents of the United States of America have established in the past,” along with $1 million for Trump’s attorney fees, according to the settlement.
President-elect Trump must appear for an in-person deposition as part of his defamation suit against ABC News and its star anchor George Stephanopoulos.
Stephanopoulos was slapped with a defamation suit by Trump after incorrectly stating multiple times on-air that Trump was found “liable for rape.”
ABC News and Stephanopoulos also would issue statements expressing their “regret” to the online article version of the anchor’s March interview that prompted Trump to file the federal lawsuit earlier this year, the settlement noted.
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