Fox Stares Down $2.7 Billion Smartmatic Suit After Dominion Deal

Putting lawsuits behind you can get expensive.

Fox Corp. started 2023 with about $4 billion in cash — and a pair of high-stakes defamation suits over Fox News election broadcasts that threatened to eat much of it up. The company settled one, by Dominion Voting Systems Inc., on Tuesday for $787.5 million. A related suit seeking $2.7 billion raises the possibility of another big settlement. Fox says it will fight.

Read More: Fox’s $787.5 Million Settlement Doesn’t End Its 2020 Liability

Dominion, a voting machine maker, sued the conservative network and its parent, Fox Corp., in March 2021 for ...