pknopp
Diamond Member
- Jul 22, 2019
- 91,731
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Settlement was announced a few months ago but now reported to be $40 million.
The conservative news outlet Newsmax agreed to pay the voting equipment company Smartmatic $40m last year as part of a settlement in a defamation suit over Newsmax’s decision to broadcast false claims about the 2020 election, a new filing revealed.
The parties did not reveal details of the settlement when it was reached in September, but Newsmax disclosed the settlement amount in a public 7 March financial filing. The news outlet said it had also offered Smartmatic the option to buy stock in the company and that it had paid $20m of the settlement amount so far.
Newsmax settled defamation suit over false US election claims for $40m
Seems perhaps that Newsmax doesn't even have access to that kind of money. I wonder if we get reports of them simply closing up soon?
I can't imagine Smartmatic is interested in the stock options. LOL
The conservative news outlet Newsmax agreed to pay the voting equipment company Smartmatic $40m last year as part of a settlement in a defamation suit over Newsmax’s decision to broadcast false claims about the 2020 election, a new filing revealed.
The parties did not reveal details of the settlement when it was reached in September, but Newsmax disclosed the settlement amount in a public 7 March financial filing. The news outlet said it had also offered Smartmatic the option to buy stock in the company and that it had paid $20m of the settlement amount so far.
Newsmax settled defamation suit over false US election claims for $40m
Seems perhaps that Newsmax doesn't even have access to that kind of money. I wonder if we get reports of them simply closing up soon?
I can't imagine Smartmatic is interested in the stock options. LOL