Fox News has reached a settlement with Dominion Voting Systems, ending a massive defamation lawsuit in which the voting machine company sought $1.6 billion in damages over false claims the cable news network made in the wake of the 2020 election.

Dominion lawyer Justin Nelson said Fox had settled the case for $787.5 million.

The trial was set to begin with opening statements Tuesday afternoon but was delayed for hours as both sides met to negotiate a settlement. The judge told the jury they could be excused just before 4 p.m.

“We are pleased to have reached a settlement of our dispute with Dominion Voting Systems,” Fox News said in a statement. “We acknowledge the Court’s rulings finding certain claims about Dominion to be false.”