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Photo: Sarah Silbiger for The Washington Post via Getty Images

Dominion Voting Systems on Friday filed a defamation lawsuit seeking $1.3 billion in damages against Sidney Powell, a pro-Trump lawyer who has pushed unfounded conspiracy theories alleging that the company was involved in an international communist plot to rig the election against President Trump.

The big picture: Dominion alleges that Powell acted "in concert with allies and media outlets determined to promote a false preconceived narrative about the 2020 election—caused unprecedented harm." In an interview with the Axios Re:Cap podcast last week, Dominion CEO John Poulos did not rule out suing Trump himself.

What they're saying: "As a result of the defamatory falsehoods peddled by Powell ... Dominion’s founder, Dominion’s employees, Georgia’s governor, and Georgia’s secretary of state have been harassed and have received death threats, and Dominion has suffered enormous harm," the lawsuit reads.

  • "After Dominion sent Powell a letter putting her on formal notice of the facts and the death threats and asking her to retract her false claims, Powell doubled down, tweeting to her 1.2 million Twitter followers that she heard that “#Dominion” had written to her and that, although she had not even seen Dominion’s letter yet, she was “retracting nothing” because “[w]e have #evidence” and “They are #fraud masters!""
  • "Dominion brings this action to set the record straight, to vindicate the company’s rights under civil law, to recover compensatory and punitive damages, to seek a narrowly tailored injunction, and to stand up for itself and its employees."

The other side: Powell wrote on Twitter Friday, "Dominion’s suit against me & DefendingTheRepublic.org is baseless & filed to harass, intimidate, & to drain our resources as we seek the truth of Dominion's role in this fraudulent election. We will not be cowed in exercising our 1st Amendment rights or seeking truth."

Read the full lawsuit.

This story is developing. Please check back for updates.

Go deeper

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

Scoop: Leaked Ukraine memo reveals scope of Russia's aggression

Russian President Vladimir Putin visits a military exposition in Sevastopol, Crimea, in Jan. 2020. Photo: Mikhail Svetlov/Getty Images

Russia has been holding last-minute military exercises near commercial shipping lanes in the Black Sea that threaten to strangle Ukraine's economy, according to an internal document from Ukraine's ministry of defense reviewed by Axios.

Why it matters: With the eyes of the world on the massive buildup of troops in eastern Ukraine, the leaked memo shows Russian forces escalating their presence on all sides of the Ukrainian border.

Read: Former Vice President Walter Mondale's last message

Photo courtesy of Mondale.

Former Vice President Walter Mondale wrote a farewell letter to his staff, sent upon his death on Monday, thanking them for years working together.

Dear Team,

Well my time has come. I am eager to rejoin Joan and Eleanor. Before I Go I wanted to let you know how much you mean to me. Never has a public servant had a better group of people working at their side!

Together we have accomplished so much and I know you will keep up the good fight.

Joe in the White House certainly helps.

I always knew it would be okay if I arrived some place and was greeted by one of you!

My best to all of you!

Fritz