US TV network Newsmax has agreed to pay $67m (£50m) to settle a defamation lawsuit filed by a voting machine company over false claims it rigged the 2020 US election against President Donald Trump.
Dominion, which filed the case in 2021, had accused Newsmax of broadcasting "verifiably false lies" following President Joe Biden's victory, causing "devastating economic harm" to the firm.
The conservative network announced on Monday that it had settled, but maintained its coverage was fair and balanced.
Dominion, which had sought £1.6bn in damages, said it was "pleased to have settled this matter". The Denver-based firm filed similar lawsuits in the aftermath of the 2020 election.
Delaware Superior Court Judge Eric Davis had already ruled in this case that Newsmax did defame Dominion.
