Louis Walsh's lawyer said after today's verdict that the story about his client "should never have been published".
Paul Tweed confirmed that Walsh would be paid damages of more than £400,000 along with his legal costs.
He added that the case highlights the "serious damage that can be inflicted on an individual ... by the publication of totally unfounded allegations which, in the age of the internet, can circumnavigate the globe in a matter of seconds."
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Conservative Ben Bradley admitted his claims were 'wholly untrue and false', and pledged a 'significant' donation to charity.
Turning bitterly cold into next week with freezing temperatures by day and night
It comes as 22 charities signed an open letter vowing to improve safeguarding, and apologising for 'failures' in the sector.