Newsmax Settles Smartmatic’s 2020 Election Defamation Lawsuit for $40 Million

Newsmax Media has agreed to pay $40 million to settle allegations of defamation brought forth by Smartmatic related to the 2020 U.S. Election. In 2021, Smartmatic filed a lawsuit against Newsmax for broadcasting unfounded claims concerning the company's voting machines. The settlement terms involve Smartmatic obtaining equity shares from Newsmax, with plans to pursue ongoing legal action against Fox News.