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Note 10. Contingent Liabilities

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The CFTC records commitments and contingent liabilities for legal cases in which payment has been deemed probable and for which the amount of potential liability has been estimated, including judgments that have been issued against the agency and which have been appealed. Additionally, the Commission discloses legal matters in which an unfavorable outcome is reasonably possible. In FY 2011, the Commission was involved in two civil matters, which it believes the chance of an unfavorable outcome to be reasonably possible. The potential losses in these cases are estimated to be between $150,000 and $775,000 plus attorney fees.

 

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