Newsmax to Pay $40 Million to Settle Smartmatic’s 2020 Election Defamation Lawsuit

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Newsmax Paid Smartmatic $40 Million In 2020 Election Defamation Settlement, Filing Shows

Smartmatic, the voting machine company, sued Newsmax, along with Fox News and One America News, over the networks’ false reporting that Smartmatic switched votes to make them in favor of President Joe Biden. While a settlement was reached last year between Newsmax and Smartmatic, the $40 million amount paid was made public in a filing on March 7, as first reported by The Independent this week. Smartmatic also reached a settlement with One America News last year, though the amount has not been disclosed. Smartmatic’s lawsuit against Fox News remains ongoing. Fox News previously settled with Dominion ― a different voting machine company ― for $787 million in 2023. While Newsmax’s lawsuit with Smartmatic has been settled, the network is facing another lawsuit after it dismissed accurate reports that a mass shooter was a white supremacist, and shared an image of a man they incorrectly identified as the killer.

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Newsmax to pay $40 million to settle Smartmatic election defamation lawsuit

Conservative cable channel Newsmax has agreed to pay $40 million to settle a 2020 election defamation lawsuit brought by voting systems software company Smartmatic, according to a new regulatory filing. Smartmatic accused Newsmax of reporting false claims that it helped rig the election for Joe Biden over Donald Trump.

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Newsmax Reveals How Much it Paid in Smartmatic Dispute.

Last year, Newsmax admitted in a statement—as part of the settlement agreement—that the court declared allegations about Smartmatic’s involvement in altering election outcomes to be false. The disclosure of these payment details sheds light on previously confidential aspects of the settlement. Discussions on such confidential terms were not part of the public record when the lawsuit was initially resolved just before it went to trial.This is not the first defamation case faced by Smartmatic. The company reached a separate settlement in April with One America News, although the terms of that agreement remain undisclosed. Smartmatic is currently engaged in a similar defamation lawsuit against Fox News.

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Newsmax Settles for $40 Million Over Defamation Claims
Newsmax Media settles for $40 million in a defamation lawsuit brought by Smartmatic. Accused of reporting voting machine company's involvement in rigging the 2020 election. Newsmax maintains its stance on First Amendment rights, arguing that it was within its rights to report on claims made by former President Donald Trump and his supporters.
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Newsmax to pay $40 million to settle defamation suit over 2020 election claims
Voting technology company Smartmatic accused Newsmax of spreading false claims that it helped rig the 2020 US presidential election in favour of Joe Biden over Donald Trump. The settlement was reached last year, but the terms had remained confidential until they were disclosed in a Newsmax regulatory filing dated March 7.
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Newsmax will pay $40 million to settle Smartmatic voting machine allegations
Newsmax will pay $40 million to settle Smartmatic voting machine allegations. Smartmatic sued Newsmax for spreading false claims that its voting machines helped Joe Biden win the 2020 election. The settlement also includes the option to buy shares in Newsmax, which plans to list on the NYSE on March 31.
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Newsmax Settled Smartmatic Lawsuit for $40 Million, Unveiled Court Docs Show
Additionally, the company gave the election machine firm 2,000 shares of preferred stock as part of the settlement in advance of the IPO for Newsmax expected later this year.
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Voting Machine Claims Cost Newsmax $40M
Newsmax settled a defamation lawsuit from voting technology company Smartmatic days before a trial was due to begin. The size of the settlement wasn't publicly known before a Newsmax regulatory filing this month. The filing states that Newsmax has agreed to pay Smartmatic $40 million, of which $20 million has already been paid.
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Newsmax agreed to pay $40 million to settle Smartmatic’s 2020 election defamation lawsuit
Newsmax and Smartmatic settled the case in September, on the eve of a jury trial in Delaware. The $40 million figure was secret until Newsmax revealed the number in a public filing. The payment is less than what Smartmatic hoped to win at trial, and it’s far less than the whopping $787 million Fox News paid in 2023.
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Newsmax Agreed To Pay $40 Million To Settle Smartmatic’s Defamation Lawsuit
Newsmax paid $40 million to settle election systems company Smartmatic’s defamation lawsuit last year. The settlement was announced last year, just days before a trial was to start, the terms were not disclosed. Newsmax revealed the figure as part of its plans for an initial public offering.
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Newsmax paid $40M to settle Smartmatic defamation claims: Filing
Conservative cable channel Newsmax paid $40 million to settle a 2020 election defamation lawsuit brought by voting systems software provider Smartmatic. Smartmatic argued in court filings the conservative cable channel damaged its reputation by airing false claims about its software being promoted by top allies of President Trump such as Sidney Powell and Rudy Giuliani.
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Newsmax paid $40 million to settle defamation suit over US 2020 election claims
Newsmax paid $40 million to settle defamation suit over US 2020 election claims. Smartmatic alleged Newsmax profited from its false reporting. Newsmax said it had a First Amendment right to report claims by Trump and his supporters, which were often made in court filings challenging the election.
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Newsmax paid $40M in defamation case over election fraud claims
Newsmax paid $40M in defamation case over election fraud claims. Smartmatic sued Newsmax in 2021, alleging it broadcast damaging misinformation falsely claiming the company switched votes in the 2020 presidential election. Newsmax said it had a First Amendment right to report claims by Trump and his supporters.
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Newsmax Pays $40 Million to Settle Defamation Allegations
Newsmax Media has agreed to a $40 million settlement to address allegations of defamation against Smartmatic. The voting machine company was accused of rigging the 2020 U.S. election for Joe Biden. The settlement, although reached last year, had its terms kept confidential until recent revelations.
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Newly released filing reveals Newsmax’s $40 million settlement with Smartmatic
Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following the voting technology company’s election defamation lawsuit against the right-wing news outlet. The settlement, reached in September, included a cash payment and an option to purchase stock in Newsmax, the media company said.
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