{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-001790","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2023-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.788242+00:00","generated_at":"2026-06-20T14:09:27.491237+00:00","sec_items":["1.01","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Motorsport Games settles shareholder lawsuit for $1.1M; pays in installments","bullets":["Settlement requires Motorsport to pay $1,100,000 to Continental General Insurance Company.","Initial payment of $91,667 within 12 business days, then $42,013 every 30 days until paid.","Claims will be dismissed with prejudice; individual defendants have no personal payment obligation.","Company denies all wrongdoing; settlement avoids expense and uncertainty of continued litigation."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-001790","json":"https://secwatch.observer/filing/0001493152-23-001790.json","markdown":"https://secwatch.observer/filing/0001493152-23-001790.md","text":"https://secwatch.observer/filing/0001493152-23-001790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223001790/0001493152-23-001790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223001790/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T14:09:27.491237+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":"8cfec22cad38c7f494e2bf0db7a9532329888779","claim":"Motorsport Games Inc. entered into Settlement Agreement with Continental General Insurance Company valued at $1,100,000 (effective 2023-01-11).","evidence_excerpt":"On January 11, 2023, the Company and other defendants in this action entered into a settlement agreement (the “Settlement Agreement”) with one of the plaintiffs, Continental General Insurance Company (“Continental”), to settle the claims made by Continental against the defendants and the claims made by the defendants against Continental.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223001790/0001493152-23-001790-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Continental General Insurance Company"},{"label":"Value","value":"$1,100,000"},{"label":"Effective","value":"2023-01-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}