{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-24-000043","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.486863+00:00","generated_at":"2026-06-01T01:51:49.434122+00:00","sec_items":["8.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Justice lawsuits dismissed with prejudice; Justice Entities release all claims; NPL reduced to ~$294M","bullets":["Federal lawsuit voluntarily dismissed with prejudice; WV lawsuit expected to be dismissed similarly.","Justice Entities executed a release waiving all potential causes of action against Carter Bank.","Justice Entities agreed to a pathway of curtailment and payoff; NPL balance fell from $301.9M (Q1 2024) to $294.1M as of June 20, 2024.","Collateral position enhanced via cross-collateralizations, cross-guarantees, and reaffirmation of loan documents."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-24-000043","json":"https://secwatch.observer/filing/0001829576-24-000043.json","markdown":"https://secwatch.observer/filing/0001829576-24-000043.md","text":"https://secwatch.observer/filing/0001829576-24-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000043/0001829576-24-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957624000043/care-20240626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:51:49.434122+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"}