{"schema_version":"secwatch.filing_event.v1","accession":"0001169770-22-000015","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2022-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.570818+00:00","generated_at":"2026-06-27T01:03:22.307722+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Banc of California settles fraud lawsuit for $39.9M; expects net $31.3M recovery","bullets":["Settlement with Chicago Title entities resolves claims from $35.1M charge-off on fraudulent 2017 line of credit.","Net cash recovery after legal fees ~$31.3M (approx $0.36/share after-tax at 27% effective rate).","Lawsuit filed Oct 2019 and refiled Oct 2020 alleged RICO, fraud, and negligence; settlement releases all claims.","Charge-off recorded in Q3 2019; settlement reached March 3, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001169770-22-000015","json":"https://secwatch.observer/filing/0001169770-22-000015.json","markdown":"https://secwatch.observer/filing/0001169770-22-000015.md","text":"https://secwatch.observer/filing/0001169770-22-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000116977022000015/0001169770-22-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000116977022000015/banc-20220304.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T01:03:22.307722+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"}