Fox News settles defamation suit with Dominion for $787.5 million.

Dominion Voting Systems' $787.5 million settlement with Fox Corp. over defamation claims related to the 2020 election was a significant step toward holding Fox accountable for false claims, according to Hootan Yaghoobzadeh, co-founder of Dominion owner Staple Street Capital. The settlement avoids a lengthy trial that could have seen Rupert Murdoch and popular TV hosts publicly testify. The settlement sum will go to legal fees and taxes first, then to shareholders, management, and employees. Fox has agreed that the allegations made around Dominion were false and were lies.