{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-012923","form_type":"8-K","ticker":"MSPR","cik":"0001802450","company_name":"MSP Recovery, Inc.","filed_at":"2023-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.662939+00:00","generated_at":"2026-06-17T02:04:37.664209+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"MSP Recovery (LIFW) restates Q2 and Q3 2022 financial statements due to accounting errors in business combination","bullets":["Audit Committee concluded Q2 and Q3 2022 financials should no longer be relied upon due to errors in accounting for business combination.","Errors include using closing stock price instead of opening price for asset valuation and failure to consolidate rights to claim proceeds.","Material weaknesses in internal controls over complex transactions were identified.","Restated financials will be included in the 2022 annual report and future quarterly filings; no amendments to prior 10-Qs will be made.","Company discussed the matters with independent auditor Deloitte & Touche LLP."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-012923","json":"https://secwatch.observer/filing/0000950170-23-012923.json","markdown":"https://secwatch.observer/filing/0000950170-23-012923.md","text":"https://secwatch.observer/filing/0000950170-23-012923.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/0000950170-23-012923-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/mspr-20230414.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T02:04:37.664209+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":[{"claim_id":"6e0359c399b433e45246e3f0016fa8e142a0eeb6","claim":"MSP Recovery, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"concluded that the Company’s quarterly financial statements for the periods ended June 30, 2022 and September 30, 2022 require restatements and should no longer be relied upon","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1802450/000095017023012923/0000950170-23-012923-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}