The company "Dominion Voting Systems" and "Fox News" reach an agreement to settle the case out of court. The television network Fox News will pay the electronic voting machine company, 787.5 million dollars.
"Lies have consequences," Dominion's lawyers said. For its part, Fox News through a statement informed that it is pleased to end the dispute and admits that some claims were false.
"We are pleased to have reached a settlement of our dispute with Dominion Voting Systems. We accept the Court's rulings finding that certain allegations about Dominion are false. This settlement reflects FOX's continued commitment to the highest journalistic standards," it said. in the Fox News statement.
The electronic voting machine company sued Fox News, accusing it of defamation over its role in the 2020 presidential election and seeking $1.6 billion in damages.
Dominion Chief Executive John Poulos said at a press conference that the landmark settlement included Fox "admitting lies, causing great harm to my company."
Then-President Donald Trump attacked the voting machine company after the vote, falsely claiming it rigged the election to favor winner Joe Biden.
Dominion has accused Fox News of spreading false allegations of election fraud, implicating it in a false conspiracy that the company manipulated votes at the expense of former President Trump.
The court announced today that the parties have reached an agreement to settle the case out of court and announced the dissolution of the jury at the time the court proceedings were set to begin.