If they charges against them are false, I hardly think they would just 'look the other way'. In fact, with his financial ability to fight slander or libel, I would think he would JUMP at the chance to prove that the allegations are totally bogus. With his financial security already established, I would think that his reputation is much more important to him than money.
Perhaps, and I think you raise a good point. But it's worth noting that newspapers (or magazines) almost--not totally, but almost--have full legal immunity for whatever they write--and that could be driving Bonds's choice not to sue.