Newsmax, Inc. (NMAX) has agreed to pay $67 million to settle a defamation lawsuit filed by Dominion Voting Systems over false claims that the company's voting machines manipulated 2020 election results, according to a Securities and Exchange Commission filing.
- The $67 million settlement will be paid in three installments, with full payment due by January 15, 2027.
- Dominion originally sought $1.6 billion in damages in its 2021 lawsuit.
- A Delaware judge earlier ruled Dominion presented “clear and convincing evidence” that Newsmax's statements were false and defamatory.
- Newsmax maintained its coverage was “fair, balanced and conducted within professional standards of journalism.”
- The settlement follows Newsmax’s prior $40 million settlement with Smartmatic, while Fox News settled a separate Dominion suit for $787.5 million in 2023.
Relevant Companies
- Newsmax, Inc. ($NMAX) – Publicly traded under the ticker NMAX; directly impacted by settlement.
- Fox Corporation ($FOX) – Previously settled a similar Dominion lawsuit for $787.5 million.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
