In a last-minute development, FOX folded and agreed to settle the suit with Dominion rather than go to trial.
“Fox has admitted to telling lies about Dominion,” said the company CEO John Poulos on Tuesday, following the last-minute $787.5 million settlement with the right-wing network.
“Fox and Dominion have reached a historic settlement. Fox has admitted to telling lies about Dominion that caused enormous damage to my Company, our employees, and our customers. Nothing can ever make up for that,” Poulos said in the statement. “Throughout this process, we have sought accountability and believe the evidence brought to light through this case underscores the consequences of spreading and endorsing lies.”
Though a far cry from the $1.6 billion the company had originally sued for, it is still the highest amount in a defamation lawsuit.
