{"schema_version":"secwatch.filing_event.v1","accession":"0001319947-26-000002","form_type":"8-K","ticker":"DBI","cik":"0001319947","company_name":"Designer Brands Inc.","filed_at":"2026-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.781995+00:00","generated_at":"2026-05-16T06:19:15.771637+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Designer Brands obtains TRO against Worldpay to prevent card processing termination","bullets":["Worldpay attempted to terminate credit/debit card processing agreement effective Feb 2, 2026, citing a financial default; DBI disputes default.","Ohio court issued TRO on Jan 28, 2026, enjoining Worldpay from terminating until May 31, 2026; court found DBI likely to succeed on breach claim.","Worldpay is sole processor for ~500 DSW stores and majority of online sales; disruption could materially impact operations.","Worldpay offered transition services at substantially higher fees; DBI says fees commercially unreasonable and seeks damages.","DBI is working to identify alternative processing vendors while pursuing injunctive relief."],"urls":{"canonical":"https://secwatch.observer/filing/0001319947-26-000002","json":"https://secwatch.observer/filing/0001319947-26-000002.json","markdown":"https://secwatch.observer/filing/0001319947-26-000002.md","text":"https://secwatch.observer/filing/0001319947-26-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319947/000131994726000002/0001319947-26-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319947/000131994726000002/dbi-20260127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:19:15.771637+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"}