---
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"
generated_at: "2026-05-23T11:40:03.209731+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group settles shareholder derivative suits; insurers pay $768K in fees, governance reforms for 5 years

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-005243
- JSON: https://secwatch.observer/filing/0001641172-25-005243.json
- Plain text: https://secwatch.observer/filing/0001641172-25-005243.txt

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