Smartmatic, One America News settle election defamation lawsuit [Reuters]
AT&T Inc. (T)
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Source: Reuters
the voting technology company rigged the 2020 U.S. presidential election to help Joe Biden beat Donald Trump. Terms of the settlement are confidential, Smartmatic's lawyer Erik Connolly said, but the company voluntarily dismissed its lawsuit filed in 2021 against OAN in Washington, D.C. Smartmatic had estimated that OAN's false claims wiped out much of its business value, reducing it to less than $1 billion from more than $3 billion. Lawyers for OAN did not immediately respond to requests for comment. The lawsuit was one of several accusing right-wing or conservative-leaning media of spreading lies about the election to drum up viewership, and boost advertising revenue. Smartmatic still has lawsuits pending against Fox News (FOXA.O) New Tab , opens new tab and Newsmax over their election coverage. It is seeking $2.7 billion in the Fox lawsuit. Last April, the voting technology company Dominion Voting Systems reached a $787.5 million settlement with Fox, as opening statem
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