Newsmax reaches settlement with Smartmatic regarding 2020 election claims (1 Viewer)

[zztop]

Not much info since it is confidential

Newsmax reaches settlement with Smartmatic regarding 2020 election claims

Newsmax has reached a settlement with voting machine company Smartmatic, ending a lawsuit that accused the network of spreading false claims about the 2020 election.

abcnews.go.com

The news came as jury selection was already underway Thursday in Delaware, according to a court official, ahead of opening statements that were set to begin Monday

 

[fooferdoggie]

Not much info since it is confidential

Newsmax reaches settlement with Smartmatic regarding 2020 election claims

Newsmax has reached a settlement with voting machine company Smartmatic, ending a lawsuit that accused the network of spreading false claims about the 2020 election.

abcnews.go.com

The news came as jury selection was already underway Thursday in Delaware, according to a court official, ahead of opening statements that were set to begin Monday

I wish they made it go all the way that's the only way to rub it in and let the public see.

 

[Optimus Prime]

When right-wing network Newsmax and Smartmatic agreed to settle the voting software firm’s election defamation lawsuit last fall, the financial terms of the agreement were not disclosed and seemingly remained confidential. That is no longer the case.

In a regulatory filing released this week by Newsmax as part of its planned initial public offering, the channel revealed that it agreed to pay Smartmatic $40 million as well as issue a “five-year cash exercise warrant” for the voting machine firm to purchase 2,000 shares of preferred stock in the conservative cable channel.

The investment prospectus also noted that there was an inherent risk to investors due to the ongoing defamation case brought by Dominion Voting Systems, which is set to go to trial next month.

“While Newsmax Media is vigorously defending the Dominion suit, an unfavorable outcome in the matter could have a material adverse effect on the Company’s financial position, results of operations and cash flows,” the company’s filing stated.……

We now know how much Newsmax paid Smartmatic in its ‘confidential’ settlement

Exclusive: The hefty settlement, which was initially left secret, was disclosed in an investment prospectus this week as the right-wing network looks to go public.

www.independent.co.uk