Smartmatic, One America News settle election defamation lawsuit

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Smartmatic has settled a defamation lawsuit against One America News (OAN) over false claims that the voting technology company rigged the 2020 U.S. presidential election. The terms of the settlement are confidential, but Smartmatic voluntarily dismissed its lawsuit against OAN. Smartmatic estimated that OAN's false claims caused significant damage to its business value. OAN is a right-wing television network that positioned itself to the right of Fox News and Newsmax. Smartmatic still has pending lawsuits against Fox News and Newsmax over their election coverage. The company is seeking $2.7 billion in damages from the Fox lawsuit. Last year, Dominion Voting Systems reached a $787.5 million settlement with Fox News over similar claims. OAN faced financial setbacks when Verizon and AT&T's DirecTV stopped carrying its programming. The case is Smartmatic USA Corp et al v Herring Networks Inc in the U.S. District Court, District of Columbia.

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https://finance.yahoo.com/news/smartmatic-one-america-news-settle-185818715.html