Dominion suing fox for defamation, the case was settled at the last second, the judge saying, quote i have been on the bench in 2010. i think this is the best lawyering i ve ever had . judge davis went on to say, quote i would be proud to be your judge in the future. the hearing in the case are now over. let s bring in cnn legal analysts laura coates and elie honig laura a settlement just as the trial was set to begin, and we should remind viewers that dominion even though it was taking this stance against the lies of fox, and it was taking its this stance demanding accountability from fox. dominion is owned by a new york private equity, private equity firm, and so if they were given an opportunity to have a big check sent to them, they were probably going to take it. the idea here. what you re seeing is the power of pretrial motions, right? the emotions that you will hear that the judge will resolve before a jury ever hears
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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
Announced. the deal. it s really unbelievable figure, fox is going to pay dominion voting systems 787 million. 500,000 dollars. dominions lawyers saying quote today representative ringing endorsement for truth and for democracy, fox trying to put a positive face on what can only be interpreted as one of the ugliest and most embarrassing moments in the history of journalism. fox uh, issued a statement saying, quote we are pleased to have reached a settlement of our dispute. dispute with dominion voting systems. we acknowledge the court s rulings finding certain claims about dominion to be false. the settlement reflects i m sorry. this is going to be difficult to say with a straight face. this settlement reflects foxes continued commitment to the highest journalistic standards. we are hopeful that are just sorry. we are hopeful
Commitment to facts. misinformation will not go away. it may only get worse. this litigation cannot solve all problems. all of us remain. ever vigilant. to find common factual ground. today represents a ringing endorsement. for truth. and for democracy. and with that , i d like to introduce the ceo of dominion voting systems. john polos. yeah. thank you. fox and dominion have reached on historic settlement. fox has admitted to telling lies about dominion. that caused enormous damage to my company. our