Turns out that faking a document to smear a sitting President right before a national election is, in fact, a valid reason to fire someone.

As Dan Rather would say, this lawsuit was enough to make his fingernails sweat.

But the suspense is over. The former anchorman lost his $70 million lawsuit against CBS. The newsman sued the network after he was removed as anchor, then dumped from CBS completely.

The dispute centered on a story Rather reported on “60 Minutes II” months before the presidential election between Bush and Kerry back in 2004. The controversial report detailed how Bush was given special treatment while he served in the Texas National Guard during the Vietnam war. But the sources turned out to be inaccurate, and the show had to step back from the story.

Justice has been served.