Newsmax Settles 2020 Election Defamation Suit with $40 Million Payment

Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump, according to a regulatory filing.

The companies settled privately last year, but the amount was disclosed in a Newsmax investor document dated March 7.

Read more at Claims Journal.