Smartmatic-Newsmax Defamation Case Heads to Trial

Published On Sep 26, 2024, 5:05 AM

Smartmatic, a voting technology company, is pursuing a defamation lawsuit against Newsmax, a right-wing cable news channel. The trial is set to begin with jury selection on Thursday. Smartmatic claims that Newsmax knowingly spread false information linking it to conspiracy theories alleging election fraud during the 2020 presidential election. This situation is similar to the recent high-profile case involving Dominion Voting Systems and Fox News. Newsmax defends its actions by stating it was simply reporting claims made by Trump and his allies, and views the lawsuit as a threat to free speech and the press.

Stock Forecasts

The outcome of the trial could have significant implications for media companies that air controversial claims without thorough fact-checking. If Smartmatic wins, it may lead to increased scrutiny and potential financial liabilities for news channels that spread misinformation, which could impact the stock performance of companies like Newsmax and other media outlets.

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