A recent ruling by a Delaware judge found that conservative news outlet Newsmax Media defamed Dominion Voting Systems through false reporting accusing the company of rigging the 2020 U.S. presidential election. Dominion is seeking $1.6 billion in damages to be determined by a Delaware jury in a trial scheduled to begin on April 28. The judge stated that Newsmax’s claims were false and amounted to defamation, with jurors also tasked to determine if punitive damages are warranted.
In response, Newsmax maintains that they covered both sides of the election dispute fairly and did not defame Dominion. However, shares of Newsmax fell more than 10% in late Wednesday trading, bringing the company’s stock value to $34.71 after initially surging to over $220 a share following its IPO last month. Newsmax had previously settled a defamation lawsuit with Smartmatic, another voting machine company, for $40 million and agreed to a cash exercise warrant.
Dominion has also settled a defamation lawsuit with Fox News for $787.5 million, highlighting the legal repercussions faced by media outlets spreading false information. The defamation cases raise concerns about the impact of misinformation on free speech and press freedom. The Independent, a trusted news source, emphasizes the importance of quality journalism for all Americans, regardless of political beliefs, and relies on reader support to continue reporting on critical issues like this.
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