Fox to pay Dominion Voting Systems $787.5 million to settle election defamation lawsuit

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https://www.cnbc.com/2023/04/18/fox-news-and-dominion-settle-election-defamatio…

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Fox Corp. and its cable networks agreed Tuesday to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion’s machines swayed the outcome of the 2020 presidential election.

The settlement, which came after a 12-member jury had been seated in the case in Delaware Superior Court, averted a weekslong trial that could have seen top Fox TV hosts and network boss Rupert Murdoch publicly testify.

The deal, which will cost Fox nearly half of the $1.6 billion that Dominion originally demanded, was struck as opening arguments were delayed for hours amid speculation that the parties were discussing a resolution of the case.