{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-001934","form_type":"8-K","ticker":"INTG","cik":"0000069422","company_name":"INTERGROUP CORP","filed_at":"2024-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.687431+00:00","generated_at":"2026-06-07T01:07:59.838765+00:00","sec_items":["2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Subsidiary Justice Operating receives default notice on $97M loans; acceleration and foreclosure possible","bullets":["Default notice received Jan 4, 2024 for $97M principal loans to Justice Operating Company, LLC (wholly owned subsidiary of Portsmouth Square, Inc.).","Lenders may accelerate loans, foreclose on collateral, and pursue other remedies under loan documents.","Company engaged Hart Advisors Group to negotiate loan modifications; no assurance of favorable resolution.","Loans had maturity date Jan 1, 2024; negotiations under review by senior lender's special servicer LNR Partners."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-001934","json":"https://secwatch.observer/filing/0001493152-24-001934.json","markdown":"https://secwatch.observer/filing/0001493152-24-001934.md","text":"https://secwatch.observer/filing/0001493152-24-001934.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/69422/000149315224001934/0001493152-24-001934-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/69422/000149315224001934/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T01:07:59.838765+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":"b3ed7304535af0d25e1942fe058ed05292bfd983","claim":"INTERGROUP CORP reported a default on loan of $97 million principal amount with various institutional lenders.","evidence_excerpt":"On January 4, 2024, The InterGroup Corporation (the \"Issuer\" or the \"Company\") was made aware of a notice of default (the \"Notice\") issued to Justice Operating Company, LLC, which is the wholly owned subsidiary of Portsmouth Square, Inc. (\"Justice\") and received by Justice as of that date. The Notice states that the $97 million principal amount in loans made to Justice by various institutional lenders, known as Loan No.: M300801016 / Reference No.: SS57524 and Loan No.: M300801015 / Reference No.: SS57523, are in default.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/69422/000149315224001934/0001493152-24-001934-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$97 million principal amount"},{"label":"Counterparty","value":"various institutional lenders"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}