This does appear to be a corrupted or missing user settings.json file. I recommend you stop the SmarterMail system service (and wait for it to drop out of Task Manager) then restore a good backup copy from that user's Archived Data folder. Root causes for this can vary quite a bit so if you need a hand tracking down the culprit please don't hesitate to submit a ticket with us.
Kyle Kerst
IT Coordinator
SmarterTools Inc.
www.smartertools.com