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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Colombian drug lord Daniel Barrera Barrera was fined $10m for manufacturing hundreds of tonnes of cocaine that he trafficked globally.
The 37-year-old Somali immigrant to Canada died after being beaten by several police officers, according to local media reports.
This evening it'll become largely dry across the UK as the showers in the west gradually die down.