Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year after 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 to be paid before July. Newsmax stated that the settlement will eliminate future legal expenses related to the suit. The lawsuit centered around Newsmax’s false claims that Smartmatic manipulated the 2020 election in favor of Joe Biden. The settlement agreement details were not publicly available last year. Smartmatic settled a similar lawsuit against One America News for an undisclosed sum and is 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. Newsmax and other outlets have faced legal action over false election claims, with settlements being reached to resolve the disputes.
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