Newsmax and Smartmatic settle 2020 election defamation case on eve of trial | CNN Business

The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims.

The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements scheduled for Monday. The parties, and a court official, announced the settlement Thursday afternoon.

“Newsmax is pleased to announce it has resolved the litigation brought by Smartmatic through a confidential settlement,” the network said in a statement.

Smartmatic lawyer Erik Connolly said in a statement that the company was “very pleased to have

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