Here’s how much Fox Corp cost Smartmatic: financial expert

The electronic voting company Smartmatic has submitted another filing that details more shocking revelations about Fox Corp.

The company is suing over what it alleges were false allegations about its electronic voting equipment in the wake of the 2020 election. Each part of the case has shown details about what Fox staff and on-air talent have said under oath that could undermine Fox's defense.

More exhibits appeared on the docket Sunday night under Document 2818, revealing the extent of the financial damage to the company since the 2020 election allegations began.

Last week, The Guardian reported that President Donald Trump's Justice Department would begin an investigation into conspiracy theories that allege Venezuela had a role in somehow rigging the election.

Among the exhibits was the testimony of a finance and damages expert.

Financial expert Christopher James submitted a report on Feb. 15, 2024 that used a formula to calculate the damages he feels Fox Corp. caused in its ongoing attacks against Smartmatic.

The document, released on Sunday, was a June 12, 2025 update to that initial report.

His calculations of damages from 2021-2025 total a loss of $526.2 million in profits and a loss of $165.4 million in expected profits from U.S. markets.

"After discounting the nominal lost expected profits from specifically identified international opportunities and the U.S. Market of $691.6 million, using a discount rate of 10.1 percent, I calculate a net present value of these lost expected profits of $537.3 million as of January 2021," the expert concluded.

The company is also seeking economic damages "on the harm to its business after 2025," he said in the affirmation.

"If the Trier of Fact concludes that Smartmatic will suffer continuing harm to its business in certain geographies — the United States and Latin America — linked to the Disinformation Campaign and dissipating harm in other geographies, a reasonable measure of Smartmatic's additional economic damages for periods subsequent to 2025 would be approximately $882 million...." James continued.

That number is slightly higher than the January 2021 "Opening Export Report," which cited $876.8 million.