Newsmax recently settled a defamation lawsuit with Smartmatic, agreeing to pay $40 million in cash and stock options. The settlement was reached in September, with $20 million already paid and the rest expected before July. Newsmax stated that the settlement will eliminate future legal expenses related to the lawsuit. The lawsuit was centered on false claims made by Newsmax about Smartmatic manipulating the 2020 presidential election in favor of Joe Biden. The settlement agreement details were not publicly available until now.
Smartmatic has also settled a defamation lawsuit with One America News, with the settlement amount undisclosed. Smartmatic’s external lawyer stated that they are now focused on a similar case against Fox News. The lawsuit against Fox News is ongoing, with Smartmatic eager to present evidence to a jury and hold Fox accountable for its actions. Fox News’ parent company, Fox Corp., previously settled a defamation lawsuit with Dominion Voting Systems for $787.5 million in 2023.
The settlement with Newsmax provides information on the financial terms of the agreement that were previously undisclosed. Smartmatic is continuing to pursue legal action against Fox News, seeking accountability for the harm caused by false claims made during the 2020 election. Fox has defended its coverage of the election as newsworthy events.
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