Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump,

Newsmax paid $40 million to settle election systems company Smartmatic ‘s defamation lawsuit last year, according a recent regulatory filing made by the media outlet.

To date, the media company has paid out $20 million of the settlement agreement – which also includes significant stock options.