The matter was resolved just four hours after a Florida jury had found the network liable for defamation and awarded $5 million to security contractor Zachary Young.

A Florida jury concluded the network smeared the man’s reputation, awarding $5 million for losses and suffering and weighing additional punitive damages.

In the CNN case, Zachary Young, a U.S. Navy veteran, was awarded $4 million for any lost earnings and lost earning potential, as well as $1 million for any pain and suffering, mental anguish,