Wilmington, Delaware CNN —

Fox News reached a last-second settlement with Dominion Voting Systems on Tuesday as the case raced toward opening statements, paying more than $787 million to end a colossal two-year legal battle that publicly shredded the right-wing network’s credibility.

Fox News’ $787.5 million settlement with Dominion Voting Systems is the largest publicly known defamation settlement in US history involving a media company.

The deal was announced hours after the jury was sworn in at the Delaware Superior Court. Rumors of a settlement swirled in the courthouse when, after a lunch break, the proceedings dramatically ground to a halt for nearly three hours with no explanation, while the parties apparently hammered out an accord.

Attorneys representing Dominion Voting Systems, leave the New Castle County Courthouse in Wilmington, Del., after the defamation lawsuit by Dominion Voting Systems against Fox News was settled just as

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