SIOUX FALLS, S.D. (AP) — ABC and a South Dakota meat producer announced a settlement Wednesday in a $1.9 billion lawsuit against the American network over its reports on a lean, finely textured beef product that critics dubbed “pink slime.”

The terms of the settlement are confidential. Dakota Dunes-based Beef Products Inc. sued ABC in 2012, saying ABC’s coverage misled consumers into believing the product is unsafe, is not beef and isn’t nutritious. ABC spokeswoman Julie Townsend said in a Wednesday statement that the network throughout the case has maintained its reports accurately presented the facts and views of knowledgeable people about the product.

“Although we have concluded that continued litigation of this case is not in the Company’s interests, we remain committed to the vigorous pursuit of truth and the consumer’s right to know about the products they purchase,” Townsend said.

BPI and its family owners said in a statement that the lawsuit was difficult, but necessary to start rectifying the harm suffered as a result of ABC’s reports on lean, finely textured beef. The coverage emphasized that the product at the time was present in 70 percent of the ground beef sold in supermarkets, but wasn’t labeled.