ABC News has agreed to pay USD 15 million toward Donald Trump’s presidential library to settle a defamation lawsuit over anchor George Stephanopoulos’ inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll, writes AP NEWS.

As part of the settlement made public Saturday, ABC News posted an editor’s note to its website expressing regret over Stephanopoulos’ statements during a March 10 segment on his “This Week” program. The network will also pay USD 1 million in legal fees to the law firm of Trump’s attorney, Alejandro Brito.

The settlement agreement describes ABC’s presidential library payment as a “charitable contribution”, with the money earmarked for a non-profit organization that is being established in connection with the yet-to-be built library.

“We are pleased that the parties have reached an agreement to dismiss the lawsuit on the terms in the court filing”, ABC News spokesperson Jeannie Kedas said.

A Trump spokesperson declined comment.

The settlement agreement was signed Friday, the same day a Florida federal judge ordered Trump and Stephanopoulos to sit for separate depositions in the case next week. The settlement means that sworn testimony is no longer required.