Court documents reveal that Fox News is suing the voting machine company Smartmatic. Analysts view the action as a bid to counter the Smartmatic’s defamation suit against the news network.

Last year, Smartmatic brought a $2.7 billion lawsuit against Fox, accusing the network of knowingly disseminating conspiracy theories implying that Smartmatic rigged the 2020 election against former President Trump.

In the counter-suit, Fox claims Smartmatic exaggerated the financial impact caused by the initial reports, which is a violation of a New York statute meant to deter lawsuits aiming to discourage freedom of speech – especially for journalists.

Smartmatic is contracted to make $2 billion in annual revenue in 2025, which is over four times higher than any revenue the company has made in the last decade. The finding would indicate that severe financial damage has not occurred.

Smartmatic has not yet immediately respond to a request for comment.

Earlier in the week, a judge ruled that Smartmatic can move ahead with several claims against Fox News, its host Maria Bartiromo, former host Lou Dobbs and ex-Trump lawyer Rudy Giuliani.

The suit against Fox News host Jeanine Pirro was dismissed.