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Newsmax Settles Smartmatic Defamation Suit for $40 Million

3/14/2025

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Summary

Story summary

Newsmax will pay $40 million to settle a defamation lawsuit from Smartmatic related to 2020 election claims.
The settlement, finalized in September 2024, involves cash and a stock purchase option.
Newsmax has already paid $20 million, with the balance due by July.
Smartmatic is pursuing litigation against Fox News after settling with Dominion Voting Systems for $787 million.

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Story summary

Newsmax will pay $40 million to settle a defamation lawsuit from Smartmatic related to 2020 election claims.
The settlement, finalized in September 2024, involves cash and a stock purchase option.
Newsmax has already paid $20 million, with the balance due by July.
Smartmatic is pursuing litigation against Fox News after settling with Dominion Voting Systems for $787 million.