---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000013"
form_type: "8-K"
ticker: "TRMK"
cik: "0000036146"
company_name: "TRUSTMARK CORP"
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:06:44.832600+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trustmark settles Stanford Financial Group litigation for $100M; no admission of liability

## Summary
- One-time cash payment of $100M to the Stanford Receivership Estate; recognized as Q4 2022 expense.
- Settlement covers Rotstain, Smith, and Jackson actions and bars future Stanford-related claims against Trustmark.
- Trustmark expressly denies any liability or wrongdoing; settlement reflects ordinary banking services to business deposit customers.
- Final approval subject to court entry of bar orders and execution of definitive settlement agreement; Trustmark remains well-capitalized.

## SEC filing metadata
- accession: 0000950170-23-000013
- form_type: 8-K
- ticker: TRMK
- cik: 0000036146
- company_name: TRUSTMARK CORP
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36146/000095017023000013/0000950170-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36146/000095017023000013/trmk-20221231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000013
- JSON: https://secwatch.observer/filing/0000950170-23-000013.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000013.txt

## Key facts
- Material Agreements
  TRUSTMARK CORP entered into Settlement Agreement with Ralph S. Janvey, solely in his capacity as the court-appointed receiver for the Stanford Receivership Estate; the Official Stanford Investors Committee; each of the plaintiffs in the Rotstain and Smith Actions valued at $100 million (effective 2022-12-31).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Ralph S. Janvey, solely in his capacity as the court-appointed receiver for the Stanford Receivership Estate; the Official Stanford Investors Committee; each of the plaintiffs in the Rotstain and Smith Actions
  - Value: $100 million
  - Effective: 2022-12-31
  source text: Trustmark expects to be relieved of pre-trial deadlines and the February 27, 2023 trial setting in the Rotstain Action pending final Court approval of a Settlement Agreement reflecting the terms of the Settlement and pending entry of the bar orders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/36146/000095017023000013/0000950170-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.