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WILMINGTON, Del. (AP) — Fox and Dominion Voting Systems reached a settlement Tuesday in the voting machine company’s defamation lawsuit, averting a trial in a case that exposed how the top-rated network chased viewers by promoting lies about the 2020 presidential election.

An attorney for Dominion said the settlement was for $787.5 million.

“The truth matters. Lies have consequences,” said Dominion lawyer Justin Nelson in a news conference outside the courthouse after the announcement.

Dominion had asked for $1.6 billion in arguing that Fox had damaged its reputation by helping peddle phony conspiracy theories about its equipment switching votes from former President Donald Trump to Democrat Joe Biden. Fox said the amount greatly overstated the value of the Colorado-based company.

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