Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following a defamation lawsuit related to false claims about the 2020 presidential election. The settlement included a cash payment and an option to purchase stock in Newsmax. The payments totaling $20 million have already been made, with the rest expected before July. Newsmax stated that the settlement will eliminate future legal expenses related to the lawsuit. Smartmatic settled a similar defamation lawsuit with One America News in April. Smartmatic’s lawyer indicated that they are now focused on a case against Fox News. Fox Corp. reached a settlement to pay Dominion Voting Systems $787.5 million to settle defamation claims related to the 2020 election. The settlements provide insight into the confidential agreement between Newsmax and Smartmatic following false election claims. Newsmax acknowledged that the court found the allegations to be factually false. Fox News has stated that it covered newsworthy events related to the election and looks forward to presenting evidence in court. The settlements highlight the legal consequences faced by media outlets over false election claims and the significant payouts required as a result.
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