US TV network Newsmax has agreed to pay $67m (£50m) to settle a defamation lawsuit filed by a voting machine company over false claims it rigged the 2020 US election against President Donald Trump.
Dominion, which filed the case in 2021, had accused Newsmax of broadcasting "verifiably false lies" following President Joe Biden's victory, causing "devastating economic harm" to the firm.
The conservative network announced on Monday that it had settled, but maintained its coverage was fair and balanced.
Dominion, which had sought £1.6bn in damages, said it was "pleased to have settled this matter". The Denver-based firm filed similar lawsuits in the aftermath of the 2020election.
Delaware Superior Court Judge Eric Davis had already ruled in this case that Newsmax did defame Dominion.
But the judge left it to a jury to determine whether Newsmax acted with malice, and how much in damages to award. The trial had been due to begin in October.
Newsmax said it chose to settle because it argued the proceedings were unfair.
"From the very beginning, Judge Davis ruled in ways that strongly favored the plaintiffs and limited Newsmax's ability to defend itself," Newsmax said.
The network said a "pattern of judicial rulings" had denied Newsmax due process and "left the company to believe it would not receive a fair trial".
The Delaware Superior Court declined to comment.
Newsmax said it stood by its coverage of the 2020 election, adding it believed it was "critically important for the American people to hear both sides of the election disputes".
