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He points, again and again, to the new agreement with Philip Morris International, which he says forced the company to throw the money over the wall, turn around, and walk away. No one else took the time or made the effort, especially over a long period of time, to see if they could arrange something that had never been done before, Douglas said

However, five of them posted either budgetary estimates or inaccurate information, making it difficult for the public to determine the amount of funds that the entities actually received and how two of them spent those funds

As of May, the firm was the largest owner of turbo CABs, according to Lipper data

Either can be used