Attorneys for Fox had repeatedly objected to the $1.6bn in damages sought by Colorado-based Dominion, characterising the figure as massively inflated.
The "real cost" of the case, Fox had argued, would be the "cherished" rights to freedom of speech and of the press enshrined in the First Amendment of the US Constitution.
Dominion's lawsuit argued that the conservative network had sullied the electronic voting company's reputation by airing falsehoods about the 2020 vote being stolen from former President Trump.