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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A bronze drum, alongside a plaque for Fusilier Rigby, will be located at Middleton Memorial Gardens.
The desk, where the author wrote Great Expectations and his last, unfinished novel The Mystery of Edwin Drood, will go on permanent display.
We spring forward an hour at 1am on Sunday, to mark the start of British Summer Time.