Smartmatic Stocks

In this article, we have covered everything about Smartmatic stocks, company overview, Smartmatic and Mike Lindell’s lawsuit, and more.

So, without any further ado, let’s get started –

Table of Contents

Smartmatic Stocks – Company Overview, Stocks, and Mike Lindell Lawsuit

Smartmatic is a multinational corporation that builds electronic voting machines. The company is referred to as Smartmatic Corp., Smartmatic International, or Smartmatic SGO. The company is also involved in producing smart city solutions such as public safety & public transportation, identity management systems for civil registration, and authentication products for government applications and serves consumers worldwide.

The company was launched by Chaya Coleena Hendrick on 18 December 2002 and is headquartered in Las Vegas, Nevada.

Smartmatic offers customers services for every stage of the election lifecycle with solid planning and project management supported by superb operational execution. The company’s expertise includes experience in logistics, implementation and maintenance, support services, such as a help desk, and even front-end support, including development, cybersecurity, manufacturing, testing, certification, and system integration.

The company’s election technology has handled more than 3.7 billion votes over the past 14 years in election projects on five continents, without a single discrepancy. The company has deployed over 1.95 million secure, election-ready devices across the globe and generated net revenue of nearly $3 billion.

There is currently no information available about Smartmatic Stocks. We will update this article when information surfaces.

Smartmatic and Mike Lindell lawsuit

Mike Lindell had filed a lawsuit against Smartmatic towards the end of 2021, alleging that Smartmatic had, together with Dominion Voting Systems, lent a hand in the fraudulent transfer of votes from Former President Trump to Joe Biden. “This is absolutely the biggest cover-up for the biggest crime in history,” Lindell told right-wing host Steve Bannon in an interview. “I cannot wait to drop this Supreme Court case the Tuesday at 9 a.m. before Thanksgiving, and the whole world is going to be watching all this unfold over Thanksgiving.”

In retaliation to this, Smartmatic filed a defamation lawsuit against MyPillow CEO Mike Lindell for spreading false conspiracy theories about election fraud involving the company’s machines. The EVM company alleged that the CEO “intentionally ignited the fires of xenophobia and party divide for the great motive of selling his pillows.”

Smartmatic also alleged that Mike Lindell engaged in this mud-slinging agenda against EVMs “because he wants to be perceived as a champion of a deceptive message that still sells”.

Smartmatic’s defamation case against Mike Lindell

Dominion claimed more than $1.3 billion in damages. Smartmatic also mentioned that Lindell launched a defamatory marketing campaign that reached millions of people and caused enormous harm to their reputation and goodwill, the effect of which was also visible in Smartmatic stocks.

“Through discovery, we will prove that there is no real evidence substantiating the Big Lie. Smartmatic brings this action to vindicate the company’s rights, recover damages, seek a narrowly modified injunction, take a stand for itself and its employees, and stop Lindell and MyPillow from further profiting at Smartmatic’s expense,” said a Smartmatic spokesperson.

Mike Lindell was ruled against by a federal judge for what was described as “frivolous” claims against Smartmatic company. The United States District Judge ruled in favor of Smartmatic, describing Lindell’s election fraud claims as “groundless claims.” The Court ruled that some of Lindell’s claim against Smartmatic under the Advocacy Clause comes on the frivolous side of the line and therefore ordered Lindell to pay some of the fees that Smartmatic incurred in protecting itself and moving for sanctions.

In addition, the judge dismissed Lindell’s lawsuits against Smartmatic, Dominion Voting Systems, and Hamilton Place.

Lindell filed his counter-suit after Dominion Voting Systems and Smartmatic sued him for defamation over his election-fraud claims.

Lindell said to Bloomberg News that he is still considering whether he will appeal. He is currently challenging using Dominion and Smartmatic voting machines across the US. Lindell asserted, “Whatever the judge thinks, that is his opinion. I have lawyers doing more important things like removing these machines from every state.”

Mike Lindell’s preliminary injunction against EVMs and the effect it might have on Smartmatic stocks

MyPillow CEO Mike Lindell filed a preliminary injunction against automated voting machines to eliminate the machine in various states.

“We have got seven lawyers starting with the preliminary injunction to get rid of the machines,” asserted Lindell.

A preliminary injunction is an order that may be granted before or during the trial to preserve the status quo before final judgment. Preliminary injunctions can only be issued after a court hearing.

By doing so, Lindell may be trying to clear the path for Trump and the Republican Party in the upcoming midterms.

Lindell, like Trump, claims that President Joe Biden won in 2020 only due to widespread voter fraud. He alleged that voting machines were manipulated. Election and security experts have invariably disproved such claims, noting that devices are not connected to the internet and have passed rigorous audits and reviews.

Smartmatic claimed that because of Lindell’s statements, the company’s valuation has gone to less than $1 billion now from “more than $3 billion” before the 2020 election. This legal tussle with Lindell had an adverse effect on Smartmatic stocks as well.

Lindell has become a key supporter of misinformation about the 2020 election and has made several predictions and false claims that have failed to materialize since early 2021. The wealthy Trump fan has said he spent some $35 million in his unsuccessful attempt to overturn the 2020 election and to ban the voting system, previously claiming that the Supreme Court would vote 9–0 to overthrow the last presidential election results. He also asserted that Trump would be “reinstated” as president, a claim that even other supporters of the former president have made publicly.