Catherine Connolly (Galway West, Independent) | Oireachtas source

A representative of Lazard gave evidence the last day that PIMCO had had an advantage. I am sure Mr. McDonagh saw this in the transcript. After giving evidence for many hours, he finally came back and said that, given that PIMCO had been involved in the process well before he had came on the scene, it had had an advantage. Second, he also said Cerberus should have informed it that it had hired Brown Rudnick and Tughans. He clearly said they had been hired as lawyers, not this technical stuff that they were strategic advisers.