UPDATED with Fox News statement, settlement sums & Dominion CEO remarks: Fox News has settled Dominion Voting Systems’ $1.6 billion defamation lawsuit against the Rupert Murdoch-owned organization, averting a lengthy, expensive and certain to be embarrassing trial.
“The parties have resolved their case,” Delaware Superior Court Judge Eric M. Davis just told the court Tuesday afternoon, offering no details. News of the settlement was strategically made public right before Wall Street ceased trading for the day.
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Fox paid Dominion $787.5 million under the deal, lawyers for the company said afterwards outside the courtroom. “Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and the customers we serve,” said Dominion CEO John Poulos. “Nothing can make up for that.”
Fox News is not required to air an apology or retraction, sources said. However, Fox was quick to address the settlement in crafted language that appears to softly walk back claims amplified by hosts and guests that the 2020 election was stolen from incumbent Donald Trump.
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