By Costas Pitas and Jack Queen (Reuters) -Cable outlet Newsmax Media has agreed to pay $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.

A public regulatory filing also reveals the voting tech firm was offered 2,000 shares of preferred stock The post Newsmax Paid Smartmatic $40 Million in Previously Sealed Defamation Lawsuit Settlement appeared first on TheWrap.

Newsmax Media has agreed to pay $40 million to settle a defamation lawsuit brought by voting technology company Smartmatic, which accused the broadcaster of spreading false claims that it helped rig the 2020 US presidential election in favour of Joe Biden over Donald Trump, according to a court filing, reported by Reuters.