Note 23 - Litigation	12 Months Ended
Dec. 31, 2019
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	23. Litigation The Company is involved in a number of judicial, regulatory and arbitration matters arising in connection with our business. The outcome of matters the Company has been and currently is involved in cannot be determined at this time, and the results cannot be predicted with certainty, except for the matter described below. There can be no assurance that these matters will not have a material adverse effect on our results of operations in any future period and a significant judgment could have a material adverse impact on our financial condition, results of operations and cash flows. The Company may in the future become involved in additional litigation in the ordinary course of our business, including litigation that could be material to our business. In December 2019, plaintiffs in a class action lawsuit and the Company, as defendant, entered into an agreement to settle such lawsuit by paying $3.0 million (the “Settlement Amount”) into a settlement fund escrow account following the preliminary approval of such settlement by the court, which approval was granted on March 9 , 2020. Concurrently with entering into the settlement agreement, the Company entered into an agreement with a third party indemnifying the Company with respect to such lawsuit whereby such indemnifying party would pay the Settlement Amount into the settlement fund escrow account on behalf of the Company at the time such payment comes due on March 30, 2020. The timely performance of these two agreements is expected to result in no impact on the results of operations or cash flows of the Company. The indemnification payment receivable and settlement liability have been separately recorded and included in the Consolidated Statements of Financial Condition within other assets and other liabilities. The Company reviews the need for any loss contingency reserves and establishes reserves when, in the opinion of management, it is probable that a matter would result in liability and the amount of loss, if any, can be reasonably estimated. Management, after consultation with legal counsel, believes that the currently known actions or threats will not result in any material adverse effect on the Company’s financial condition, results of operations or cash flows.

23.

Litigation

The Company is involved in a number of judicial, regulatory and arbitration matters arising in connection with our business. The outcome of matters the Company has been and currently is involved in cannot be determined at this time, and the results cannot be predicted with certainty, except for the matter described below. There can be

assurance that these matters will

not

have a material adverse effect on our results of operations in any future period and a significant judgment could have a material adverse impact on our financial condition, results of operations and cash flows. The Company

may

in the future become involved in additional litigation in the ordinary course of our business, including litigation that could be material to our business.

December 2019,

plaintiffs in a class action lawsuit and the Company, as defendant, entered into an agreement to settle such lawsuit by paying

$3.0

million (the “Settlement Amount”) into a settlement fund escrow account following the preliminary approval of such settlement by the court, which approval was granted on

March 9

2020.

Concurrently with entering into the settlement agreement, the Company entered into an agreement with a

third

party indemnifying the Company with respect to such lawsuit whereby such indemnifying party would pay the Settlement Amount into the settlement fund escrow account on behalf of the Company at the time such payment comes due on

March 30, 2020.

The timely performance of these

two

agreements is expected to result in

impact on the results of operations or cash flows of the Company. The indemnification payment receivable and settlement liability have been separately recorded and included in the Consolidated Statements of Financial Condition within other assets and other liabilities.

The Company reviews the need for any loss contingency reserves and establishes reserves when, in the opinion of management, it is probable that a matter would result in liability and the amount of loss, if any, can be reasonably estimated. Management, after consultation with legal counsel, believes that the currently known actions or threats will

not

result in any material adverse effect on the Company’s financial condition, results of operations or cash flows.