{"schema_version":"secwatch.filing_event.v1","accession":"0001262823-24-000002","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2024-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.633876+00:00","generated_at":"2026-06-06T07:47:46.950067+00:00","sec_items":["2.02"],"event_type":"litigation","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Westlake settles lawsuits from 2021/2022 incidents for $382M; expects $150M Q4 charge due to insurance dispute","bullets":["Settlements total ~$382 million to resolve lawsuits related to Petro 2 flash fire (Sept 2021) and EDC storage tank explosion (Jan 2022).","Approximately $150 million of settlement not currently covered by insurers; company disputes coverage and will pursue recovery.","Company expects to record a charge of ~$150 million in Q4 2023 reflecting disputed portion.","Certain excess insurers claim insufficient exhaustion of retentions; Westlake disagrees with their position."],"urls":{"canonical":"https://secwatch.observer/filing/0001262823-24-000002","json":"https://secwatch.observer/filing/0001262823-24-000002.json","markdown":"https://secwatch.observer/filing/0001262823-24-000002.md","text":"https://secwatch.observer/filing/0001262823-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000126282324000002/0001262823-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000126282324000002/wlk-20240206.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:47:46.950067+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"}