XML 82 R66.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies (Details) (USD $)
0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
ClearPoint
item
Sep. 30, 2013
ClearPoint
Sep. 30, 2013
ClearPoint
Dec. 31, 2012
ClearPoint
Sep. 30, 2013
ClearPoint
Homeward
item
Feb. 14, 2013
ClearPoint
Homeward
Indemnification guaranties
Sep. 30, 2013
Other employees
Sep. 30, 2013
Other employees
Sep. 30, 2013
Employment Agreements - Company's General Counsel and Secretary and its Controller
General Counsel and Controller
Sep. 30, 2013
Settlement
Oct. 17, 2013
Settlement
Former employee
Gleacher Securities
Aug. 31, 2012
Senior Management Compensation and Retention Plan
item
Sep. 30, 2012
Senior Management Compensation and Retention Plan
Former Chief Executive Officer and Former Chief Operating Officer
Aug. 31, 2012
Senior Management Compensation and Retention Plan
Change in control
Sep. 17, 2013
Arbitration - Thomas Hughes and John Griff
Senior Management Compensation and Retention Plan
Chief Executive Officer and Chief Operating Officer
Sep. 30, 2013
Arbitration - Thomas Hughes and John Griff
Senior Management Compensation and Retention Plan
Chief Executive Officer and Chief Operating Officer
May 24, 2013
Arbitration - Thomas Hughes and John Griff
Senior Management Compensation and Retention Plan
Change in control
Chief Executive Officer and Chief Operating Officer
Sep. 30, 2013
Arbitration - Thomas Hughes and John Griff
Senior Management Compensation and Retention Plan
Change in control
Chief Executive Officer and Chief Operating Officer
Commitments and contingencies                                        
Number of executive officers participating in agreement                           4            
Cash payment to be made to executive officers on termination of employment, in connection with a Change in Control (as defined)                                     $ 7,000,000 $ 0
Period before change in control within which the cash payment is made following an involuntary termination of employment under certain circumstances                               6 months     6 months  
Period after change in control within which the cash payment is made following an involuntary termination of employment under certain circumstances                               2 years        
Money damages sought                                 7,900,000      
Severance payment                             750,000          
Restricted stock held by Mr. Griff which may vest under Restricted Stock Award Agreement                             20,833          
Employee-related Liabilities 3,003,000 34,199,000                               0    
Amount agreed to be paid                         2,900,000              
Legal costs reimbursable                         600,000              
Settlement charge                       3,200,000                
Settlement liability                       3,500,000                
Bonus guarantees to certain officers                     3,550,000                  
Bonus guarantees to other employees                   800,000                    
Compensation charge 400,000                   1,400,000                  
Escrow Deposit               5,000,000                        
Period following the closing date for escrow account               3 years                        
Maximum amount of guarantee provided               7,500,000                        
Amount payable by Parent under the guaranty only in limited circumstances               5,000,000                        
Number of loans requested to be repurchased     3       2                          
Loans requested to be repurchased     800,000 800,000 800,000   600,000                          
Reserve for loan repurchases and indemnification claims     300,000 300,000 300,000 400,000                            
Loans requested to be repurchased during the period         1,000,000                              
Losses on loans requested to be repurchased       100,000 100,000                              
Other Compensation Matters                                        
Compensation charge                 $ 300,000 $ 500,000