Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
Mr. Long heard the gentleman from Cerberus here last week state there was a technical breach. This past week everybody has been concerned here about information that Brown Rudnick and Tughans could have possibly brought to Cerberus, that they might have breached some previous confidentiality agreement or information they gathered. They said they had no contractual difficulties in providing the information to Cerberus and Cerberus was happy to deal with them on that basis. However, the breach appears from Cerberus's side, that the other advisers that it had who had signed disclosure agreements with Cerberus shared information with Tughans and Brown Rudnick, both of which were not listed as advisers to Lazard and should not have received confidential information.
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