The voting system company received $787 million over false vote-rigging claims made in the 2020 U.S. election

Fox Corporation has settled a defamation lawsuit brought on by Dominion Voting Systems for $787 million.

Dominion Voting Systems was suing the TV network for $1.6 billion.

This was over Fox News’ coverage of false vote-rigging claims made in the 2020 U.S. election.

Then-president Donald Trump attacked the voting machine company after the ballot, falsely claiming it favoured winner Joe Biden.

Fox says it is pleased to end the dispute and acknowledges certain claims were false.

“We are pleased to have reached a settlement of our dispute with Dominion Voting Systems,” the statement read.

“We acknowledge the Court’s rulings finding certain claims about Dominion to be false.

“This settlement reflects Fox’s continued commitment to the highest journalistic standards.

“We are hopeful that our decision to resolve this dispute with Dominion amicably, instead of the acrimony of a divisive trial, allows the country to move forward from these issues.”

A lawyer for Dominion says the truth matters and lies have consequences.

Dominion CEO John Poulos also addressed media a short time ago, saying nothing can ever make up for the damage Fox caused.

“Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and the customers that we serve,” Poulos said.

“Nothing can ever make up for that.”