INTL FCStone 2013 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2013 INTL FCStone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

INTLFCSTONEINC.Form10K 25
PART I
ITEM 4Mine Safety Disclosures
claims set forth in its amended complaint. e trial of this matter
took place, as a test case, during October 2012. e trial court
entered a judgment against FCStone, LLC on January 4, 2013.
On January 17, 2013, the trial court entered an agreed order,
staying execution and enforcement, pending an appeal of the
judgment. By agreement, FCStone, LLC was required to post
an appeal cash deposit of $8.0 million with the court, which
was deposited on January 18, 2013. e oral arguments in the
appeal were heard on December 10, 2013. Based on the merits
of our appeal, management believes a loss is not probable, and
thus has not recorded a provision for this matter. We believe
that if the appeal is unsuccessful, the resulting pre-tax loss to
FCStone, LLC would be in the range of $4 million to $6 million.
Our assessments are based on estimates and assumptions that
have been deemed reasonable by management, but that may later
prove to be incomplete or inaccurate, and unanticipated events
and circumstances may occur that might cause us to change
those estimates and assumptions.
ITEM 4 Mine Safety Disclosures
Not applicable.