Fox News has settled a defamation lawsuit with Dominion Voting Systems for more than $787 million, a judge announced in court on Tuesday. The settlement resolves a high-profile case that had been scheduled to go to trial.

Dominion Voting Systems sued Fox News for $1.6 billion, alleging that the network made false statements about the company's voting machines in broadcasts following the 2020 presidential election. The voting technology company claimed that Fox News damaged its reputation through on-air statements that suggested its machines were involved in election fraud.

As part of the settlement, Fox News acknowledged in a statement that some of its on-air claims about Dominion Voting Systems were false. The network's acknowledgment addresses statements made in specific broadcasts and social media posts that Dominion identified as defamatory.

The case had drawn significant attention as it was set to be one of the largest defamation trials involving a major news organization. Court proceedings revealed internal communications from Fox News personnel, including emails and depositions that became part of the legal record.

The settlement amount of $787 million represents one of the largest defamation payouts in media history. The resolution came after jury selection had begun and opening statements were expected to start shortly.

Neither Fox News nor Dominion Voting Systems provided additional details about the terms of the settlement beyond the financial amount and the network's acknowledgment of false statements.