Note 12. Commitments and Contingencies The Company is a defendant in various pending litigation matters. In management?s opinion, the ultimate outcome of such litigation will not have a material adverse effect on the results of operations or the financial position of the Company. Under the Revised Development Agreement, should a ?triggering event? (as defined therein) occur, the Company must sell its assets, business, and operations as a going concern at their fair market value to a developer named by the city of Detroit. The Company noted that for the six months ended June 30, 2012, no triggering event has occurred. As part of the bankruptcy reorganization process, the Company engaged Moelis &amp; Company, LLC (?Moelis?) to act as investment banker. The Moelis engagement letter provides for a success fee if certain requirements are met. Moelis asserted an administrative claim for fees and expenses totaling approximately $12.9 million, of which approximately $3 million was paid prior to the effective date of the reorganization. The Company believes such amount substantially exceeds the amount to which Moelis is entitled under its engagement letter. The Company has filed an objection to Moelis?s administrative claim, and scheduling of a hearing on that matter before the United States Bankruptcy Court for the Eastern District of Michigan is pending. The Company requested a ruling from the Michigan Department of Treasury regarding certain potential tax liabilities under the MBT arising from the June 30, 2010 restructuring transactions. The Company failed to receive a favorable ruling. Such potential claims include a contingent liability for gross receipts tax under the MBT. Such claims are not recorded as the Company believes there is a more likely than not chance of prevailing in this matter. In response, the Company has asked the Bankruptcy Court to issue a determination as to these matters. A hearing on the Company?s request for a determination was held on March 21, 2011, at which time the Bankruptcy Court reques