Wells Fargo 2015 Annual Report Download - page 209

affirmed in part the trial court's judgment, Wells Fargo filed a
petition for writ of certiorari to the United States Supreme Court
on April 10, 2015. The Supreme Court has not yet acted on the
petition.
OUTLOOK When establishing a liability for contingent litigation
losses, the Company determines a range of potential losses for
each matter that is both probable and estimable, and records the
amount it considers to be the best estimate within the range. The
high end of the range of reasonably possible potential litigation
losses in excess of the Company’s liability for probable and
estimable losses was approximately $1.3 billion as of
December 31, 2015. For these matters and others where an
unfavorable outcome is reasonably possible but not probable,
there may be a range of possible losses in excess of the
established liability that cannot be estimated. Based on
information currently available, advice of counsel, available
insurance coverage and established reserves, Wells Fargo
believes that the eventual outcome of the actions against
Wells Fargo and/or its subsidiaries, including the matters
described above, will not, individually or in the aggregate, have a
material adverse effect on Wells Fargo’s consolidated financial
position. However, in the event of unexpected future
developments, it is possible that the ultimate resolution of those
matters, if unfavorable, may be material to Wells Fargo’s results
of operations for any particular period.
Wells Fargo & Company
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