Newsmax agreed to pay $40 million to settle a defamation case brought by Smartmatic, according to regulatory filings released this week. This article, Newsmax settled Smartmatic case for $40 million,

The pro-Trump cable channel Newsmax agreed to pay $40 million in a confidential settlement last year to end a 2020 election-related defamation lawsuit brought by voting technology company Smartmatic,

To date, the media company has paid out $20 million of the settlement agreement – which also includes significant stock options.