In a recent regulatory filing, Newsmax revealed that they had agreed to pay Smartmatic $40 million as part of a settlement reached in September following a defamation lawsuit. The settlement included a cash payment and an option to purchase stock in Newsmax, with payments totaling $20 million already made. Newsmax expects to pay the rest before July, and believes the settlement will eliminate future legal expenses related to the lawsuit. The lawsuit stemmed from Newsmax’s false claims that Smartmatic manipulated the 2020 election in favor of Joe Biden.
Following the settlement, Newsmax acknowledged the court’s finding that allegations regarding election manipulation by Smartmatic were false. Smartmatic has also settled a related defamation lawsuit against One America News for an undisclosed sum, and is now focused on a case against Fox News. Smartmatic’s lawyer expressed eagerness to present evidence to hold Fox accountable for their actions surrounding the election.
In a separate case, Fox Corp. settled with Dominion Voting Systems for $787.5 million to settle defamation claims related to the 2020 election. Newsmax’s settlement with Smartmatic provides insight into the confidential agreement and eliminates potential future legal expenses, while the ongoing legal battles highlight the repercussions for spreading false information about election technology companies. The settlements underscore the potential financial costs and reputational damage that media outlets may face for spreading false information.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
