15 . Co mmitments and Contingencies ( ¬ and R$ in millions) Legal Proceedings We are involved in various litigation, claims and administrative proceedings arising in the normal course of business. Amounts recorded for identified contingent liabilities are estimates, which are regularly reviewed and adjusted to reflect additional information when it becomes available. We are indemnified by our former owner , Ingersoll Rand , for certain of these matters as part of Ingersoll Rand s sale of the Comp any and by the sellers of Guascor for certain of these matters in connection with our acqui sition of G uascor in May 2011. While adverse decisions in certain of these litigation matters, claims and administrative proceedings could have a material effect on a particular period s results of operations, subject to the uncertainties inherent in estimating future costs for contingent liabilities and the benefit of the indemnities from Ingersoll Rand and the sellers of Guascor, management believes that any future accruals with respect to these currently known contingencies would not have a material effect on the financial condition, liquidity or cash flows of the Company. Shareholder Litigation A putative class action lawsuit challenging the proposed merger with Siemens Energy, Inc. was filed on September 24, 2014 on behalf of Dresser-Rand Group Inc. stockholders in the Delaware Court of Chancery. The action is captioned Soffer v. Volpe et al. , C.A. No. 10165-CB (Del. Ch.) (the  Soffer Action ). The complaint in the Soffer Action alleged that the directors of the Company breached their fiduciary duties to stockholders by engaging in a flawed sale process, agreeing to sell the Company for inadequate consideration and agreeing to improper deal protection terms in the Merger Agreement. In addition, the lawsuit alleged that the Company, Siemens and Dynamo Acquisition Corporation, the Delaware subsidiary formed by Siemens in connection with the transaction, aided and abetted these purported breaches of fiduciary duty. The lawsuit