The only truth here is there was an accusation. It is false that the accusation was unfounded. But they failed to report that. It is trash.
Mandy,
The reporters are looking at the facts, there was an accusation made in the 1990's. That is relevant. They confirmed the accusation. As well, there was a settlement made. That is a fact too. The reporters' job is not to ensure the accusation had merit (a settlement, though, assumes that there is guilt or that they felt needed to be addressed). That is what they reported. They reported these facts and should have reported these facts.
Thus, you are expecting the reporters to ensure these were viable. They ensured accuracy in what they reported. Again, they did their job and it fits the reporter's ethic.