The story of Brown Rudnick’s role in an Irish bailout deal gone bad took another turn this week, as the former leader of a local firm caught up in the scandal spoke out in a cryptic statement.

Ian Coulter, who stepped down earlier this year as managing partner of Belfast-based Tughans, said in a statement that no Irish politician or their relatives were due to receive money from the sale last year of a $7.5 billion loan portfolio by Ireland’s National Asset Management Agency (NAMA) to private equity giant Cerberus Capital Management.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]