Fox News and parent company Fox Corp have agreed a $787.5m settlement with voting machine firm Dominion, averting a high-profile defamation trial.
The settlement was announced at the 11th hour, after the 12-person jury had been selected and just as both sides were due to deliver their opening statements in Delaware Superior Court.
Dominion, which sells electronic voting hardware and software, had sued Fox News Network and its parent company Fox Corp over the channel’s coverage of false vote-rigging claims following the 2020 US election.
Dominion said Fox had repeatedly aired allegations made by allies of Donald Trump that the voting software had flipped votes to Joe Biden – even though many at the network doubted the claims.
Dominion had sought $1.6bn in damages but settled for less than half that amount, with one of its lawyers, Justin Nelson, saying outside the court: “The truth matters, lies have consequences.”
He added: “Over two years ago, a torrent of lies swept Dominion and election officials across America into an alternative universe of conspiracy theories causing grievous harm to Dominion and the country.