---
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"
generated_at: "2026-06-20T14:09:27.491237+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games settles shareholder lawsuit for $1.1M; pays in installments

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001790
- JSON: https://secwatch.observer/filing/0001493152-23-001790.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001790.txt

## Key facts
- Material Agreements
  Motorsport Games Inc. entered into Settlement Agreement with Continental General Insurance Company valued at $1,100,000 (effective 2023-01-11).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Continental General Insurance Company
  - Value: $1,100,000
  - Effective: 2023-01-11
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223001790/0001493152-23-001790-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.