This note describes an interpretation of a search for supersymmetry in final states with at least four isolated leptons (electrons or muons) and missing transverse momentum. The search used 2.06 fb$^{−1}$ of proton-proton collision data collected with the ATLAS experiment, and found no significant excess above expectations from Standard Model processes. Limits are shown for the Minimal Supergravity/Constrained Minimal Supersymmetric Standard Model (mSUGRA/CMSSM) with $m_0=A_0=0$, $\mu>0$ and one $R$-parity violating parameter $\lambda_{121}=0.032$ at the grand unification scale $m_{GUT}$. Keeping these parameters fixed, values of $m_{1/2}<800$ GeV are excluded at 95% CL if tan$\beta < 40$ and $m_{\tilde{\tau}_1}>80$ GeV. These are the first limits from the LHC experiments on a model with a $\tilde{\tau}_1$ as the lightest supersymmetric particle.