Smartmatic settled its defamation lawsuit against Newsmax, the right-wing broadcaster, on Thursday as a jury was being selected before the trial.
The details of the settlement were not immediately disclosed.
Smartmatic, an election technology company, had accused Newsmax of trying to entice viewers from its rival, Fox News, by airing reports linking Smartmatic to baseless conspiracy theories that it had 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, and the trial had been expected to take up to four weeks.
“Newsmax is pleased to announce it has resolved the litigation brought by Smartmatic through a confidential settlement,” a Newsmax spokesman said in a statement.