{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-005243","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.042516+00:00","generated_at":"2026-05-23T11:40:03.209731+00:00","sec_items":["7.01","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"22nd Century Group settles shareholder derivative suits; insurers pay $768K in fees, governance reforms for 5 years","bullets":["Settlement resolves derivative actions alleging breach of fiduciary duties over a stock promotion scheme and false statements.","Insurance carriers will pay plaintiffs' attorneys $768,333; company adopts corporate governance reforms for at least 5 years.","No admission of liability; defendants expressly deny any wrongdoing.","Court hearing for final approval is scheduled for July 16, 2025.","Settlement bars current stockholders from contesting approval and pursuing released claims."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-005243","json":"https://secwatch.observer/filing/0001641172-25-005243.json","markdown":"https://secwatch.observer/filing/0001641172-25-005243.md","text":"https://secwatch.observer/filing/0001641172-25-005243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000164117225005243/0001641172-25-005243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000164117225005243/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T11:40:03.209731+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"}