Ms Aideen O'Reilly:

There has been quite a lot of discourse today about the non-disclosure agreement. My understanding is that, under the non-disclosure agreement, Cerberus would have been obliged to notify NAMA via Lazard, which managed that process, if Brown Rudnick wanted access to the data room. The whole purpose of non-disclosure agreements is to protect the information of the vendor. The confidential information of the vendor goes into the data room. Because Brown Rudnick did not access the data room on behalf of Cerberus, there was no obligation under the NDA for Cerberus to notify us of its engagement of Brown Rudnick.