Newsmax agrees to pay $40m to settle defamation suit over false election claims

News outlet was sued by Smartmatic over claims that voting equipment company hacked 2020 election

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.