Beef Products Inc. (BPI), makers of lean finely textured beef product (LFTB) that has been dubbed “pink slime,” has slapped ABC News and three of its reporters with a $1.2 billion lawsuit. Many have seen the pictures of LFTB making their way around the Internet after it made headlines for being used in fast food restaurants and millions of school lunches, nationwide. BPI is claiming damages, including revenue and job losses, due to ABC’s coverage of LFTB.