Smartmatic on Thursday settled its defamation lawsuit against Newsmax, the right-wing cable news channel that had spread false claims of election fraud, the companies said.

The details of the settlement, reached as the jury was being selected before the trial, were not immediately disclosed.

Smartmatic, an election technology company, had accused Newsmax of trying to entice viewers from its rival, Fox News, by airing false reports that Smartmatic helped swing the 2020 election for Joseph R. Biden Jr. The lawsuit was filed in Delaware Superior Court in 2021.

Jury selection in the case began on Thursday morning in Wilmington, Del., and the trial had been expected to take up to four weeks.

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“Newsmax is pleased to announce it has resolved the litigation brought by Smartmatic through a confidential settlement,” Newsmax said in its statement.

A Smartmatic spokesman said in a statement: “Lying to the American people has consequences. Smartmatic will not stop until the perpetrators are held accountable.”

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