NOTE 6   COMMITMENTS, CONTINGENCIES AND GUARANTEES The Company and its subsidiaries are involved in certain legal proceedings arising in the ordinary course of business and, as required, have accrued an estimate of the probable costs for the resolution of those claims for which the occurrence of loss is probable and the amount can be reasonably estimated. These estimates have been developed in consultation with counsel and are based upon an analysis of potential results, assuming a combination of litigation and settlement strategies. It is possible, however, that future results of operations for any particular period could be materially affected by changes in the Company's assumptions or the effectiveness of the Company's strategies related to these proceedings. Additionally, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company's financial con dition or results of operations . Although the Company is involved in a variety of legal proceedings in the ordinary course of business, a large portion of the Company's litigation arises in the following contexts: commercial disputes; defamation matters; employment and benefits related claims; governmental fines; intellectual property claims; and tax disputes. Stockholder Litigation Two derivative lawsuits were filed in March 2012 in Delaware Chancery Court by stockholders of CCOH . The consolidated lawsuits were captioned In re Clear Channel Outdoor Holdings, Inc. Derivative Litigation , Consolidated Case No. 7315-CS. The complaints name d as defendants certain o f Clear Channel 's and CCOH 's current and for mer directors and Clear Channel , as well as Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. CCOH also was named as a nominal defendant. The complaints allege d , among other things, that in December 2009 Clear Channel breached fiduciary duties to CCOH and its stockholders by allegedly requiring CCOH to agree to amend the t