According to the settlement, ABC News will pay $15m as a charitable contribution to a “Presidential foundation and museum to be established by or for Plaintiff, as Presidents of the United States of America have established in the past”.
The network also agreed to pay $1m towards Trump’s legal fees.
Under the settlement, the network will post an editor’s note to the bottom of its 10 March 2024 online news article about the story.
It will say: “ABC News and George Stephanopoulos regret statements regarding President Donald J Trump made during an interview by George Stephanopoulos with Rep. Nancy Mace on ABC’s This Week on March 10, 2024.”
An ABC News spokesperson said in a statement the company was “pleased that the parties have reached an agreement to dismiss the lawsuit on the terms in the court filing”.
In 2023, a New York civil court found Trump sexually abused E Jean Carroll in a dressing room at a department store in 1996. He was also found guilty of defaming the magazine columnist.
Judge Lewis Kaplan said the jury’s conclusion was that Ms Carroll had failed to prove that Trump raped her “within the narrow, technical meaning of a particular section of the New York Penal Law”.
Judge Kaplan noted that the definition of rape was “far narrower” than how rape is defined in common modern parlance, in some dictionaries and in criminal statutes elsewhere.
In a separate case, also presided over by the same judge, a jury ordered Trump to pay $83.3m to Ms Carroll for additional defamatory statements.
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