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Newsmax Settles $40 Million Defamation Case with Smartmatic

3/16/2025

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Story summary
  • Newsmax agreed to a $40 million settlement with Smartmatic over defamation related to 2020 election claims.
  • The settlement consists of $20 million already paid and $20 million to be paid in installments by June.
  • Additionally, Newsmax provided 2,000 shares of preferred stock worth $10 million.
  • Smartmatic has settled a similar lawsuit with One America News Network and is targeting Fox News Media next.