CNN and the man suing the network for defamation were unable to reach a financial settlement as mediation talks between the parties fell apart last week.
The plaintiff, Zachary Young, alleges that CNN smeared his security consulting company, Nemex Enterprises Inc., by implying it illegally profited when helping people flee Afghanistan during the Biden administration's military withdrawal from the country in 2021.
Young, a U.S. Navy veteran, believes CNN "destroyed his reputation and business by branding him an illegal profiteer who exploited desperate Afghans" during a Nov. 11, 2021, segment on CNN’s "The Lead with Jake Tapper."
NewsBusters associate editor Nicholas Fondacaro wrote that the "amount offered to make the lawsuit go away was not disclosed," but "it would have needed to be fairly substantial to negate the allure of a possible $1 billion (possibly more) between compensatory, emotional, and punitive damages."
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