cnn breaking news. welcome to the lead. we have some breaking news for you. i m jake tapper. moments ago, we learned there is a settlement a settlement in the high stakes trial between dominion voting systems and fox dominion was suing fox for $1.6 billion, saying that the network showed complete and utter disregard for truth and facts and accuracy. when they allowed guests and hosts to push false conspiracy theories that the 2020 election had been stolen from donald trump. cnn s oliver darcy is outside the courthouse in delaware. oliver. what do we know about the settlement? we know right now. the judge just announced actually moments ago, jake that this case has been settled out of court. we don t know any details about what happened. but there was this unexplained two hour delay in court proceedings. this settlement really comes right before the clock struck struck midnight jake opening statements were set to begin at 1 30. they did not as scheduled, and there was an unexp
Not confidential. and that s why we just saw dominion get out and proudly announced this really astonishing figure. i mean, it is, as we just said, it is 10 times what dominion is worth. and so this dollar figure is, of course, about the bottom line. like you noted. dominion is not a large company. it s a privately held company they have about 202 150 employees. this is an overwhelming amount of money , but it s also a statement. it s also about the message that this dollar amount sends to fox news into the public about fox news lies laura oliver mentioned that fox is still facing this other major defamation lawsuit from smartmatic, another voting technology company that was smeared by fox after the 2020 election. that case is still in the discovery process. um how might this as far as i can tell historic settlement $787,500,000 . how might that affect the smartmatic case? well, it s about 700. what 85 million tea leaves now to read for the other