Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following a defamation lawsuit. The settlement included a cash payment and an option to purchase stock in Newsmax. Payments totaling $20 million have already been made, with the rest due before July. Newsmax stated that the settlement will eliminate future legal expenses related to the suit. The lawsuit centered on false claims made by Newsmax regarding Smartmatic’s role in the 2020 presidential election. A deal was reached before the case went to trial.
Smartmatic also settled a defamation lawsuit against One America News for an undisclosed sum. The company’s focus now is on a similar case against Fox News. Smartmatic’s lawyer stated that they look forward to presenting evidence to hold Fox accountable for its actions. Fox News, in response, has stated that they covered newsworthy events surrounding the 2020 election.
Fox Corp., the parent company of Fox News, reached a settlement in 2023 to pay $787.5 million to Dominion Voting Systems to settle defamation claims. The details of the settlement between Newsmax and Smartmatic provide insight into the confidential agreement that was reached last year. The settlement aims to eliminate future legal expenses for Newsmax related to the lawsuit.
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