Newsmax stock rises 5% after settlement announcement

Settlement includes three installments totaling $67 million

Newsmax claims Delaware judge biased against them

Newsmax Media NMAX.N has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Aug. 18.

In an unusual statement, Newsmax said it chose to settle because the Delaware judge handling the case was prejudiced against the company, and it stood by its coverage as fair and balanced.

The Delaware Superior Court declined to comment.

Denver-based Dominion had sought $1.6 billion when it filed the lawsuit in 2021, accusing Newsmax of spreading false claims that Domini

See Full Page