{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-22-000146","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2022-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.808849+00:00","generated_at":"2026-06-23T04:50:17.845706+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ambac settles RMBS claims against Bank of America for $1.84 billion; expects gain of ~$390M","bullets":["AAC settled all RMBS claims against Countrywide/Bank of America entities for $1.84 billion.","Estimated pre-tax gain of ~$390 million, net of reinsurance, discount accretion, and call premiums.","Proceeds to repay ~$1.21B in Sitka Notes and ~$213M in Tier 2 Notes.","Funds expected within 10 days after satisfaction of conditions including litigation dismissal.","Settlement materially exceeds the $1.38B subrogation recovery recorded as of 2Q 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-22-000146","json":"https://secwatch.observer/filing/0000874501-22-000146.json","markdown":"https://secwatch.observer/filing/0000874501-22-000146.md","text":"https://secwatch.observer/filing/0000874501-22-000146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000146/0000874501-22-000146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000146/ambc-20221007.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T04:50:17.845706+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}