{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-24-000013","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.798307+00:00","generated_at":"2026-06-06T01:27:37.898196+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Carter Bankshares faces $226M lawsuit from GLAS over Bluestone loan repayments","bullets":["GLAS Trust seeks $226M from Carter Bank for funds received as loan repayments from Bluestone Entities owned by Gov. Justice.","Carter Bank states it received funds in good faith as part of routine refinancing; denies GLAS's allegations as false.","Bank and company intend to vigorously defend; lawsuit filed Feb 12, 2024 in Virginia federal court.","Carter Bank has indemnity agreement with Justice Entities backed by substantial pledged collateral.","No prediction on outcome; bank believes it has meritorious defenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-24-000013","json":"https://secwatch.observer/filing/0001829576-24-000013.json","markdown":"https://secwatch.observer/filing/0001829576-24-000013.md","text":"https://secwatch.observer/filing/0001829576-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000013/0001829576-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000013/care-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:27:37.898196+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"}